Nordic forwards are firming slightly on Tuesday morning, with traders believing prices were bottoming out following a five-day fall.
The bellwether Q3 09 contract was last seen changing hands at EUR 34.75/MWh, up EUR 0.70 on the last close, while the front year fetched EUR 37.70/MWh, up EUR 0.40 on the previous settlement.
"The fall has stopped, and right now we see the bottom. Q3 is fairly priced in relation to energy commodities and the marginal operating cost for coal-fired production,” a Danish trad
Dienstag, 16.06.2009, 11:20 Uhr
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