Europe & Russia Price trends

March 2017

Wholesale prices have plunged and are set to decline further.

European day-ahead hub prices have fallen by 25-30% since the start of February. The NBP day-ahead price was roughly 41 p/th by mid-March while the TTF day-ahead was close to 40 p/th. As seasonal demand has weakened, the unexpected outages that have hit supplies have failed to prevent a decline in day-ahead prices. The NBP day-ahead is now around 7 p/th below where it was at the same time in 2015. However, it remains around 11...

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