(Montel) The price spread between Nordic and German power futures is trading at near record levels but was hard to justify amid the widening hydrological deficit in the former region, said senior analyst Eylert Ellefsen.
The German Q4 contract reached EUR 100/MWh earlier on Thursday, which was EUR 42.15 higher than its Nordic equivalent and close to a record high EUR 46.30/MWh from July, exchange data showed.
The German Q1 contract was also trading at a EUR 47.40 premium to its Nordic equivalent.
Historically Nordic power prices have risen above German levels when hydropower supplies run short but this year the opposite has…
