Nordic forward prices are falling sharply on the first trading day of 2012 due to a wet and mild weather outlook in addition to the German spot market seeing negative prices for Monday delivery.
The Q2 12 contract last traded at EUR 32.20/MWh at Nasdaq OMX, down EUR 1.50 from Friday. Further out, the Cal 13 is down EUR 0.60 at EUR 40.90/MWh. The latest forecast shows that weather outlook remains wet and this has triggered a further downside for Nordic power prices, said John Brottemsmo of Bergen Energi, adding negative prices in Germany are adding to the very bearish picture. Th
Montag, 2.01.2012, 11:05 Uhr
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