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NORDIC – Futures rise on dry weather outlook, buoyant gas

Electricity

28 Sept 2022 08:30

28 Sept 2022 08:30

(Montel)u00a0Nordic power futures rose on Wednesday as forecasts for drier-than-normal weather suggested a further tightening of hydropower supply and amid buoyant gas prices.

NORDIC – Futures rise on dry weather outlook, buoyant gas

The front-year contract traded last up EUR 6.62 at EUR 180/MWh, while the Q1 2023 contract stood EUR 7 higher on the previous day’s close at EUR 414/MWh.

On the weather front, the latest 10-day outlook showed precipitation for the hydropower-intensive region would amount…

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