Nordic power prices are waning on the back of weaker crude oil on Wednesday morning, with bearish fuels continuing to trump dry weather forecasts, traders said.
The benchmark front quarter contract was last seen at EUR 31.75/MWh at the time of writing, 91 cents below Tuesday's settlement. Meanwhile, the 2010 contract tested new lows at EUR 32.25/MWh, having lost EUR 1.25.
”Almost all Nordic power contracts, even the months, are correlating up to 90% with oil at the moment. Neither dry nor wet weather seems to matter much,R
Mittwoch, 21.01.2009, 10:42 Uhr
Andreas Kögler
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