Despite wet forecasts, Nordic power prices keep strengthening today. The year contracts are solely traded on input from other markets, according to market players, and Germany is the main source for bullish signals.
The week contracts have gained 7-8 NOK from Friday, and V2-05 is traded at 292 NOK/MWh, up 5 NOK. The year contracts are traded around 30-35 cents above Friday’s close.“The market is firming today, although the weather forecasts remain wet. The spot was higher than expected, but the increasing prices are mainly linked to the surrounding factors, for instance the strong German
Montag, 20.06.2005, 12:06 Uhr
Redaktion
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