Nordic forward prices are strengthening on Friday morning due to concerns about the weak hydrological balance, traders said.
The Q3 contract last traded at EUR 47.10/MWh on Nord Pool, up EUR 0.35 from Thursday. "We are a little surprised that the market is so strong in light of the [current] macroeconomic uncertainty. But at the same time the spot price is expected to stabilise or increase in the coming period, because the hydropower producers will regain control due to colder weather and less snowmelt next week,
Freitag, 21.05.2010, 11:10 Uhr
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