Following a short-lived upturn yesterday, power prices are falling further today. Many market participants believed the high-pressure forecast would be temporary, and this seems to come through, according to recent forecasts.
Based
MARKET: Open to further weakening
Current weather forecasts are still wet and Nordic financial power prices are weakening further. "And there's room for more", Øyvind Nes, power trader at Mosjøen, Norway-based Censu Trading, told Europower.
