Dry weather and a high system price gave a boost to the Nordic power market this morning. Prices have eased off a little, but most contracts are still being traded around a euro above Friday’s close.
Forecasts show dry and high pressure dominated weather conditions during the next ten days. “The market is focusing on the resources, and with the current forecasts the shortage will be back to around 25 TWh at the end of this week. Given stable carbon prices, the Nordic power market is far too cheap at the moment,” says one trader.In his opinion prices from Q4-06 and forward
Montag, 26.06.2006, 11:34 Uhr
Redaktion
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