Prices continue up on the back of a rising carbon market and technical signals, but some traders eye an imminent correction as they believe prices have risen too much too quickly.
At the time of writing, Q4-08 is up 80 cents at EUR 64.60/MWh while Year 09 is up EUR 1.90 at EUR 61.65/MWh.Henning Nymann, trader at Trønder Energi in Norway, mainly attributed today's surge on the front quarter and year to CO2, along with stiffening German prices. The December 2008 carbon contract is up 59 cents at EUR 23.90/t on the ECX, while the front year German power contract
Mittwoch, 13.08.2008, 11:30 Uhr
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