The benchmark Q1 11 contract had gained EUR 2.35 day on day at EUR 76.75/MWh, while Q2 11 had risen by EUR 1.35 to 58.60/MWh. Meanwhile, the YR 11 contract had climbed by EUR 1.00 to EUR 59.00/MWh. "The curve looks expensive, and there's good reason for it, with a dry and cold outlook,” Frank Evensen from Norway's QEB brokerage said. However, the market was overreacting, since it...