Directional impact on forecast:
Bearish for NBP day-ahead prices
The NBP day-ahead has fallen under pressure from unseasonably high temperatures and weak gas offtake from the power sector. The combination of factors forced the price down to 47.8 p/th on Wednesday – a decline at the peak of winter.
The NBP day-ahead averaged around 59 p/th in December. The price was pulled up slightly by supply disruptions, but even without the temporary spike it still averaged around 58 p/th over the month. Over the...