5th July 2013 | Posted by: Gareth Amos | Market Analysis
Spot prices are on a downward trend, following the expected rise in renewable power next week. Solar generation has peaked at 21 GWh, combined with improved lignite production has contributed to a bearish market. Gas NBP spot and near curve prices have followed its power counterpart, with August-13 prices falling to 65.21ppt (0.41%). This is attributed to the warmer weather driving demand down. As the weather is set to improve over the weekend and into next week, we can expect further drops on the front months.