The year-ahead contract in the Nordic market hit a three month low EUR 57.50/MWh this morning, as players seemed more concerned over a bearish fuel market than the hydrology.
At the time of writing, the contract had regained some strength to a last trade of EUR 58.65/MWh, still down 35 cents from yesterday."I am a bit surprised over the bearishness in the market given that the hydrological balance is now slightly negative in the Nordic region and that the gap towards the German market is 20 euros. All history shows that this gap should be closer with a normal
Mittwoch, 30.07.2008, 11:12 Uhr
Redaktion
© 2024 Energie & Management GmbH