Nordic forward prices are falling on the back of weaker fuel prices on Thursday, but the front is being supported by weak hydrology, players said.
The front year contract was down 90 cents at EUR 38.40/MWh at the time of writing, while Q3 09 had fallen 58 cents to EUR 36.50/MWh.
"The spot price for today was a bit stronger than expected and that is keeping the front a bit firmer, along with dry forecasts. Further out it is the macroeconomic picture that is pushing prices down,” said Roger Lie, trader at Norwegian
Donnerstag, 14.05.2009, 11:04 Uhr
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