Nordic forward prices are rising on Monday morning due to a stronger than expected system price and drier weather forecasts.
The Q4 11 contract last traded at EUR 49.20/MWh on Nasdaq OMX, up EUR 1.15 from Friday's close. "Monday's system price is higher than expected and the weather forecasts indicate a change to drier weather. But we need a confirmation of the forecasts to maintain the price gain, said a Norwegian trader.
Players are also exploiting the "short squeeze” that occur
Montag, 22.08.2011, 10:41 Uhr
Redaktion
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