The week is starting off with a significant drop in the forward market. The fall is mainly caused by weather forecasts showing a turn to mild and wet weather, but several other signals are bearish as well, market players comment.
The nearest week contract has lost 16 NOK from Friday, while the months are down around 10 NOK. Q1-06 is last traded at EUR 38.77/MWh, down 93 eurocents from Friday. In addition to the weather forecasts, the market is influenced by falling German power prices and a softening carbon market. However, one analyst believes that the market has touched bottom.“From a fundamental point of
Montag, 24.10.2005, 11:41 Uhr
Redaktion
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