The market has firmed after a very bearish period, but could still go further down, says Nils Petter Benjaminsen at Eidsiva Energi. “Fundamentally there is still room for lower prices, due to the significant improvement of the hydrological balance. EUR 57-58 is a fair level for Q1-07 as I see it,” he says. Q1-07 opened down, but later rose above EUR 59/MWh. The reason why...