![]() * Carbon front-year allowances CFI2Zc1 firmed 0.2 euro, or 0.21%, at 96.97 euros a tonne. * Nordic water reserves available 15 days ahead PCAEC00 were seen at 9.20 terawatt hours (TWh) below normal, compared with 9.63 TWh below normal on Wednesday. * Next week will be dry and often sunny, while temperatures will be near or slightly above normal in Scandinavia, wrote Georg Muller, meteorologist at Refinitiv, in a daily forecast note. * German baseload for 2024 delivery, Europe's benchmark contract, fell 2.6 euros to 149.10 euros/MWh. * Weather could be a decisive factor for falling gas prices in Europe, which is affecting the Nordic power market as well, Djupskaas said. * British and Dutch wholesale gas inched lower and remained near one-and-a-half-year lows as high storage levels and strong imports of liquefied natural gas put pressure on the prices. * "Weather forecast in the Nordics is quite unchanged today," said Refinitiv analyst Oletom Djupskaas, adding that lower prices in the wider energy markets could be pushing down the second-quarter contract. * The Nordic front-year contract ENOFBLYc1 added 0.5 euro to 76.00 euros/MWh. ![]() ![]() * The Nordic front-quarter baseload power contract ENOFBLQc1 fell 2.75 euros, or 3.2%, to 82.00 euros per megawatt hour (MWh) at 1003 GMT. ![]() NORDIC POWER-Front-quarter rates track fall in wider European power marketįeb 23 (Reuters) -Nordic front-quarter power prices slipped on Thursday, tracking a decline in gas rates in Europe, countering support from drier weather view in the hydropower-dependent region. ![]()
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