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Nordic front-month power jumps EUR 5 on drier outlook

Electricity

03 Feb 2023 10:35

03 Feb 2023 10:35

(Montel) Nordic power futures traded up on Friday amid a slightly drier and colder weather outlook.

The March contract was last seen up EUR 5 at EUR 91/MWh on Nasdaq Commodities, while the Q2 contract stood EUR 3.50 higher on the day at EUR 71.50/MWh.

“Forecasts show slightly drier and colder temperatures in the end of the 15-day period compared to yesterday’s outlook,” said Oskar Hallberg, portfolio manager at Swedish utility Goteborg Energi.

“A surplus in the hydrological balance is not reached as quickly…

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