1st March 2013 | Posted by: Sarah Cooper | Market Analysis
Yesterday’s comfortable balance and lower storage withdrawals could have pressured prices quite a bit yesterday… but this didn’t happen, as NBP spot and near curve gas prices remained strong. UK gas stock levels are now so low that any cm of withdrawal will raise overall market concerns. Turning to power, we saw spot prices fall yesterday - and we expect more decline over the next few days as temperatures creep up. Weather also had an impact on Week-Ahead prices, which were forced down by an upward revision in temperatures for next week.