The Friday market fell several NOK with the cancellation of the high pressure and expectations of a collapsing spot. And nobody seems to be surprised that prices keep on tumbling down. A trader at a Norwegian producer agreed.
– No, it isn’t strange at all. This price drop could very well have come two weeks ago even, but with the kind of water flows that we are witnessing at the moment, the fundamentals take over completely. The autumn contract is very likely to come down another 10 NOK from here. The system price will weaken considerably, but whether Saturday is fixed at 190 or 210 NOK/MWh isn’t e
Freitag, 9.07.2004, 11:49 Uhr
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