Supply levels put pressure on European hub prices
17 August 2016
The NBP day-ahead price fell to 29 p/th at the start of the week and was about 30 p/th on Tuesday, down from around 32-33 p/th last week. The TTF day-ahead also fell at the end of last week and dropped to 28 p/th on Monday before rising to 29.5 p/th on Tuesday. This is below the average for the first half of August for both the NBP and the TTF. The NBP day-ahead averaged around 33 p/th during the first half of the month, while the TTF was around 31 p/th.
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