Directional impact on forecast:
Bearish for NBP day-ahead
The NBP day-ahead price has received continued support from repeated periods of cold weather as late as early May. But with warmer temperatures forecast for the UK and the tail end of the unseasonable cold now passed, the NBP day-ahead is expected to ease.
The NBP day-ahead rose to 54.7 p/th on Monday, after having been around 50-51 p/th the previous week, as a drop in temperatures forced up heating-related demand. Temperatures in much of the...