Prices at the NBP and French hubs are expected to stay high over the coming week as a result of strong demand combined with supply problems.
The NBP day-ahead averaged around 53 p/th on Monday and Tuesday, a slight decline from its high of close to 56 p/th seen last week. However, with cold weather expected to persist in much of the UK and demand forecast to be roughly 13% higher than seasonal norms on Wednesday, strong demand will support prices. Temporary outages at the Rough and Bacton Seal storage facilities supported prices early this week, but the market is forecast to be well supplied on Wednesday, according to the outlook from National Grid.
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