Global Markets

NBP sees steady declines as pressure mounts

The NBP is under pressure while Continental hubs have seen small gains The NBP is under pressure while Continental hubs have seen small gains.
By Catriona Scott 24 May 2017 0 26065

Falling gas demand in the UK is putting pressure on the NBP day-ahead, which fell by 8% over the past week to reach around 37 p/th on Tuesday. While small gains have been seen in Continental hub prices, declines are expected across the region.

UK gas demand has been below seasonal norms in recent days and is expected to continue to be weak in the days ahead. Consumption on Wednesday is forecast to be 8% below seasonal norms, according to the outlook from the National Grid. 

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