Due to wet and mild outlooks, market players believe in lower spot prices towards the weekend. The wet forecasts also affect the forwards, and the V1-05 contract broke below the 267-268 NOK/MWh support area this morning.
– Today’s forecasts are very wet. The resource situation is improving and we are approaching the end of the year. Many of the seasonal reservoirs are quite full now, and producers have to get rid of water. First we will have low night prices, then low weekend prices. I think we can soon see spot prices at the level we had a fortnight ago, 220 NOK/MWh on weekdays and 200 NOK/MWh dur
Mittwoch, 20.10.2004, 11:40 Uhr
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