Prices fall on forecasts for wetter weather
Sept 12 (Reuters) - Nordic forward power prices slipped on
Wednesday on forecasts for wetter weather in the
* The Nordic front-quarter baseload power contract
was down 0.75 euro to 51.35 euros per megawatt hour (MWh) at
* Nordic front-year lost 1.6 euros to 38.75
* Prices are falling as "a lot of rain has been forecast for
next two weeks ... and (due to) technical selling," said Andreas
Edlund, a power trader for Shepherd Energy.
* "The rest of this week and the first half of next week
unsettled and cloudy or overcast with frequent precipitation,"
said Georg Muller, a meteorologist at Thomson Reuters.
* Nordic water reserves available 15 days ahead
seen at 14.8 terawatt hours (TWh) below normal, as against 14.4
TWh below normal on Tuesday.
* European next-year coal prices fell $1.25 to
* Carbon front-year allowances firmed 0.07 euro to
euro a tonne.
* The Nordic power price for next-day physical delivery
, or system price, rose 2.16 euros to 55.23 euros
per MWh at an auction on the Nord Pool exchange.
Thomson Reuters analyst view: https://emea1.apps.cp.thomsonreuters.com/cms/?pageId=nordic-power
(Reporting by Harshith Aranya and Sumita Layek in Bengaluru;
Editing by Mark Potter)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.