Europe & Russia

Electricity demand in Europe is expected to decline in the coming weeks as the market enters the low-demand shoulder months. However, the weather is forecast to remain volatile. Although temperatures in Northwest Europe are largely expected to return to seasonal averages in April, some forecasts point to a mixed picture, with risks of heavy rainfall and wind as well as falling temperatures. This uncertainty has been partly visible in forward curve prices, which have been pegged higher on an annual basis, reflecting overall bullish sentiment...