Colder weather gives European prices temporary support

Below-average temperatures are forecast for many of the continent’s large markets over the next week, supporting demand Below-average temperatures are forecast for many of the continent’s large markets over the next week, supporting demand.
By Catriona Scott 19 April 2017 0 25531

Unseasonably cold weather has supported day-ahead prices at hubs in Europe. Below-average temperatures are forecast for many of the continent’s large markets over the next week and will continue to support demand. However, temperatures across much of the UK are likely to be around average in the coming days. This, combined with the country’s weak need for gas to inject into storage, is expected to put pressure on NBP prices.

The NBP day-ahead was around 39.5 p/th on Tuesday, around 1 p/th higher than it was...

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