Tighter supply supports European hub prices

Milder weather has returned to Europe and prompted a drop in demand, but supplies are still tight and are buoying hub prices
By Catriona Scott 1 February 2017

Demand in Europe has weakened after a period of milder temperatures than those seen in recent weeks. However, tighter supply will continue to support day-ahead prices. The NBP day-ahead was around 55 p/th on Tuesday, a recovery from the low of 51 p/th seen last week. Mild temperatures have dominated much of the country in recent days, putting pressure on prices. However, supply-side issues have boosted the NBP day-ahead and are expected to continue to do so over the coming days.

Outages have hit flows from...

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