Supply & Demand

NBP day-ahead prices see dramatic volatility

The NBP day-ahead sank last week as strong supplies pushed prices down to lows of 21 p/th The NBP day-ahead sank last week as strong supplies pushed prices down to lows of 21 p/th.
By Catriona Scott 7 September 2016 0 24629

The NBP day-ahead sank last week as strong supplies pushed prices down to lows of 21 p/th. Flows from Norway and the UK Continental Shelf, combined with LNG imports, were enough to leave the UK oversupplied despite exports to the Continent. The dramatic fall saw prices drop by roughly 20% in just two days.

At this time of year, injections into the Rough storage facility would normally support demand and absorb uplifts in supply. However, with Rough closed for injections and the UK’s other facilities largely...