Nordic forward prices are strengthening on Monday morning due to a very dry and cold weather forecast, but the rise has been limited by a weaker than expected spot, traders said.
The Q1 2011 contract last traded at EUR 51.40/MWh at Nord Pool, up EUR 0.35 from Friday, while the 2011 contract last changed hands at EUR 45.45/MWh, up EUR 0.30. "The weather is very bullish. You could ask why the prices are not gaining more, and I think it is because the spot price is a bit low,” said a Danish trader. "The spot came in lower than expected, and the market was also down-regu
Montag, 11.10.2010, 10:40 Uhr
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