14th March 2013 | Posted by: Sarah Cooper | Market Analysis
After a strong start yesterday, NBP gas spot and near curve prices fell throughout the day - as demand was revised down. NBP ICE April 2013 pushed higher to reach 70.250ppt before closing at 69.180ppt. Today’s UK NTS gas demand is expected to fall a further 15 mm cm compared to yesterday. What’s more, with temperatures expected to rise in Europe from tomorrow, April 2013 prices could fall again. Power’s spot fundamental outlook is almost unchanged. The low temperatures we’ve been experiencing across Europe are supporting higher electricity consumption as well as market prices - but weather conditions are expected to return to normal towards the weekend.