European hub prices slide under pressure

By Catriona Scott 29 March 2017
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Hub prices across Europe have fallen below 40 p/th as a result of pressure from supply/demand fundamentals. With regional demand and supply-side pressure expected to continue over the coming week, further declines are likely.

The NBP day-ahead was down to 38.4 p/th on Tuesday, having fallen from roughly 40.2 p/th last week. The TTF day-ahead saw a similar decline, having fallen by roughly 2.0 p/th over the past week to reach 37.4 p/th on Tuesday. The PEG Nord day-ahead saw the biggest declines over the week, falling by 6%, to 37.3 p/th, slightly below the TTF.

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