In spite of this, Nordic financial power contracts remain within the price band of recent weeks.
"Even if prices are lower today, hydropower producers do not seem to be willing to let go of their control," said Angell.
He
MARKET: German yearly record-low
"Germany's 2013 yearly financial power contract is at a record-low, and weather forecasts are wetter today than they were yesterday," Thomas Angell, power-asset manager at Bergen, Norway-based Bergen Energi, told Europower. This is pulling the whole Nordic price curve lower.
