Nordic power forwards are rising on Monday due to cold weather forecasts, but the movements have been dampened by a weaker than expected system price, players said.
The February contract was last seen at EUR 42.25/MWh on the Nasdaq OMX exchange, up 45 cents from Friday, while Q2 12 was up 10 cents at EUR 34.05/MWh. "The weather forecasts are bullish, and I would have suspected the market to rise more based on the forecasts. But the upside has been dampened by a surprisingly soft spot price for Monday. Players probably need a stronger spot before they are
Montag, 23.01.2012, 10:51 Uhr
Redaktion
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