Although the direct correlation between oil and Nordic power prices is questionable at best, players attribute much of the current lift in the power market to indirect influence from record high oil prices.
In today’s market, forward prices opened very strongly before adjusting back towards yesterday’s closing levels. The V2-05 contract reached 314 NOK/MWh before dropping back below 310. It was last traded at 310.50 (+1.25). Year 06 was last traded at 36.55 (+0.20), having changed hands at 36.80 earlier.Market players said new records in the oil market played a significant part
Donnerstag, 11.08.2005, 11:14 Uhr
Redaktion
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