European hub prices fall, but only marginally

The NBP day-ahead has fallen by just 3% over the past week, dropping to roughly 29.5 p/th ($4.34/MMBtu) on Tuesday. Day-ahead hub prices on the continent have seen similar declines since last week – the TTF, the German hubs and PEG Nord were all in the region of 29 p/th on Tuesday. Although day-ahead prices across Europe are below 30 p/th, a significant drop from the highs seen in late April, they are still above the average prices seen during the first half of April.