News Wires — Nordic front-year prices gained marginally on Friday, propped up by forecasts for drier-than-normal weather.
* Nordic front-year gained 0.05 euro to 34.65 euros/MWh at 1200 GMT.
* Forecasts are a little drier supporting prices, said Oddgeir Loeken, managing director at Kirkesundet Kraft.
* Forecasts for precipitation over the coming two weeks are estimated to be higher-than-normal but have grown drier than Thursday, Refinitiv data showed.
* Nordic water reserves available 15 days ahead were seen at 2.85 terawatt hours (TWh) above normal, compared with 3.58 TWh above normal on Thursday.
* Nordic front-quarter baseload power contract was steady at 31.70 euros per megawatt hour (MWh) at 1128 GMT.
* European next-year coal prices fell $1.35 to $63.05 a tonne.
* Carbon front-year allowances eased 0.03 euro to 24.93 euros a tonne.
* The Nordic power price for next-day physical delivery, or system price, fell 5.05 euros to 26.29 euros per MWh at an auction on the Nord Pool exchange.
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