Supply & Demand

Colder weather will support European hub prices

Supply tightness has supported European hub price rises and sustained colder weather could drive further gains Supply tightness has supported European hub price rises and sustained colder weather could drive further gains.
By Catriona Scott 8 February 2017 0 24447

Supply tightness has supported price rise at the European hubs, and sustained colder weather could drive further gains.

The NBP day-ahead rose to roughly 61 p/th last week – a new high for the season and the year so far. An increase in power demand supported greater levels of gas-fired generation, while colder weather drove up requirements for heating-related gas use.

Although prices have eased – the NBP day-ahead was around 58 p/th on Tuesday – support for prices is expected over the coming week. The UK's...