Europe & Russia: Price trends

April 2016

Day-ahead prices remain substantially lower than last year, as price declines have continued in recent weeks. 

The NBP day-ahead was around 27-29 p/th as of mid-April, down from over 30 p/th at the start of March. In mid-April 2015, day-ahead prices were around 47-48 p/th. The average NBP day-ahead price over the first half of April was down by 42% year on year. This is the most significant annual drop in NBP day-ahead prices of any month this year.