Europe & Russia: Price trends

July 2017

The NBP day-ahead has been volatile in recent weeks, with swings in supply the primary driver.

The UK NBP day-ahead has been supported by supply tightness and hit by oversupply in recent weeks. The closure of the Interconnector UK pipeline in late June kept volumes in the country during a period of low demand. This caused the NBP day-ahead to drop dramatically to just 25 p/th – a fall of more than 10 p/th within a week. Unexpected outages in Norway subsequently caused periods of supply tightness, which boosted the NBP day-ahead to roughly 39 p/th at the end of June and in early July. Demand has been weak during the period and the price swings have been driven by supply issues.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up