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NBP day-ahead likely to see gains

Colder temperatures across the UK in November could provide a boost to the NBP day-ahead Colder temperatures across the UK in November could provide a boost to the NBP day-ahead.
By Catriona Scott 2 November 2017 0 28229
The UK's Rough storage facility. The UK's Rough storage facility is closed. (Centrica)

Directional impact on forecast:
Bullish for NBP day-ahead prices

Supply-side support has continued to provide a floor the NBP day-ahead in recent weeks, despite the fact weaker demand has put pressure on prices. However, with colder temperatures forecast to hit the UK over the coming week, demand-side support for prices is expected to increase.

The NBP day-ahead averaged around 45 p/th in October, its highest average for the month since 2014. Prices remained comparatively strong through much of the month and only dipped to lows...