European hub prices decline, with further falls likely

Mild temperatures across Europe have reduced demand and put pressure on hub prices, a situation expected to continue over the coming week Mild temperatures across Europe have reduced demand and put pressure on hub prices, a situation expected to continue over the coming week.
By Catriona Scott 22 February 2017 0 24444

Mild temperatures across Europe have weighed on demand and put pressure on hub prices. With average to above-average temperatures forecast to dominate over the coming week, further demand-side pressure on prices is expected.

The NBP day-ahead was down to around 46 p/th on Tuesday, representing a fall of roughly 7% over the past week. Strong output from wind generation dampened the UK’s requirements for gas-fired power at the start of the week. Warmer temperatures in much of the country also weighed on heating-related demand and hit...

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