Front end prices are plummeting Monday morning on wetter forecasts and a system price below expectations, while surging oil prices are lifting the years.
The front week is down more than four euros to EUR 42/MWh, while the front quarter has lost EUR 3.35 and was last traded at EUR 52.05/MWh. Meanwhile, the year 2009 contract has gained more a euro to EUR 61.50/MWh last."Today's movements are quite easy to explain. Wetter weather and a weak spot are pushing down the front, while the long end is being lifted by the strong oil market,"
Montag, 9.06.2008, 11:09 Uhr
Redaktion
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