NORDIC POWER — Forward prices fall on milder weather outlook, softer gas prices

Oct 15 (Reuters) — Nordic power prices fell on Thursday, weighed down by forecasts for milder weather in the hydropower-dependent region while lower European gas prices added to the pressure. Nordic front-quarter baseload power contract was down €2.40, or 2.06%, to €114.15 per megawatt hour (MWh) at 0953 GMT Nordic front-year lost €0.35, or 0.49%, to €70.75/MWh "Biggest trigger is probably the weather... we will have the extra push down from continental power, which is from gas," said Axel Weyler, originator at Entelios Trading AB On weather: "The week after next week will likely be more active, with near-normal rain and largely above-normal temperatures; major colder-than-normal spells are not likely in two to three weeks," said LSEG meteorologist Georg Mueller Benchmark Dutch and British wholesale gas prices opened lower amid softer demand forecasts, but could reverse initial losses due to geopolitical tensions, low storage levels and competition with Asia for liquefied natural gas supply. NG/EU Nordic water reserves available 15 days ahead were 12.19 terawatt hours (TWh) below normal on Thursday; compared with 12.76 TWh below normal on Wednesday Germany's Cal '26 baseload, Europ