6th March 2013 | Posted by: Sarah Cooper | Market Analysis
Norwegian exports to the UK rose and stronger imports from the continent combined to push the UK NTS gas system long at the start of yesterday’s demand. Despite this, near curve prices remained on the up as UK storage levels are now at an all-time low for this period. In terms of power, a downward correction in temperatures helped week-ahead prices in France and Germany yesterday. On top of this, solar production may be fairly low as we head into next week. All of this may explain the €5/MWh rise in French week-ahead levels we saw during yesterday’s session.