Europe & Russia Price trends
Late winter support has driven European day-ahead prices to seasonal peaks, but they are likely to ease.
Colder weather hit parts of Europe in early February at a time of tighter supply, forcing up day-ahead prices at the NBP and on the continent. The NBP day-ahead rose to nearly 61 p/th in early February, roughly 32 p/th higher than at the same time last year. Increased restrictions on the maximum withdrawal rates at the Rough storage facility in the UK have further limited the facility’s...