Monday, 24 September 2018
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Last week's trading ended on a bearish note due to the recovery in hydrological balance from a dry summer. The falling prices were triggered by increased supply and the forecast which suggested that the net precipitation energy for the Nordics would reach normal levels. The volume traded last week was around 8TWh and we found the market demand was sustained with the current price levels despite the increased hydropower output expectations.
Another point to note from last week is that the Italian GOs on auction last Thursday were traded higher than their Nordic counterparts ac...