The weeks continue to trade lower on Thursday while the forwards are traded at the same price levels as yesterday. Warmer weather and more precipitation are expected early next week, and this may push the market further down. But reservoir levels continue to shrink. Market players are therefore anxious to see whether the forecast are actually delivered.
Milder and wetter forecasts have been the main explanation for a plunge in prices this week in which the system price has fallen from an all-time high of NOK/MWh 831.41 on Monday to NOK 761.11 today. The system price could continue below NOK 700 early next week if today’s forecasts are delivered, according to a Swedish trader powernews.org spoke to earlier today.The trader was anxi
Donnerstag, 9.01.2003, 12:13 Uhr
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