The V1-05 contract hit its lowest price since March this morning on the back of more rainy forecasts. However, prices have adjusted upwards during the morning session.
The V1-05 contract traded down at 260 NOK/MWh this morning, its lowest price since 16 March. Later, it recovered to be last seen traded at 262.75.– I think we have seen the bottom for this week. Buyers came in when prices reached 260, and later on forecasts have been slightly drier. I think the contract will close lower than yesterday, but not down at 260, a trader with a Norwegian
Donnerstag, 21.10.2004, 12:27 Uhr
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