Supply & Demand

Rising temperatures to hit European demand

Severe low temperatures have hit much of Europe, but easing demand is likely to put pressure on prices at regional hubs next week Severe low temperatures have hit much of Europe, but easing demand is likely to put pressure on prices at regional hubs next week.
By Catriona Scott 25 January 2017 0 24451

Day-ahead prices have risen at Europe’s major hubs, but easing demand is expected to put pressure on prices over the coming week.

Severe low temperatures have hit major markets in the region, pushing up heating-related demand and prices. The NBP day-ahead was around 58 p/th on Monday, an increase of 8% from last week and a new high for the year and for this winter. Similar rises were seen at hubs on the continent, with the TTF day-ahead up to 56 p/th on Monday. Support for...