The EC 12 forecast is 1,8 TWh drier than before the weekend and 3.16 TWh drier than normal for this season.
"We are watching prices firming up due to fundamental factors.
MARKET: Up on forecasts, fuel
Weather forecasts are below normal precipitation levels, while fuel prices are higher. This triggers a price increase all over the curve. Kjell Idar Saure, an asset manager at Ørsta, Norway-based Tussa said that he expected significantly firmer spot prices and that the level gradually will move toward the marginal price of coal-fired power.
