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...
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