Europe & Russia Price trends

The late winter cold snap has tested supplies and raised prices – as the tail end of the season has brought further weather-driven price rises.

Europe was hit by severe cold in late February and early March, which drove up NBP day-ahead and within-day prices. Within-day prices hit a new record high, reaching 350 p/th. The NBP day-ahead rocketed to 207.5 p/th on 1 March, roughly doubling from the previous day and up from just 61.4 p/th the previous week - dwarfing the jumps seen during...