28th January 2013 | Posted by: Sarah Cooper | Market Analysis
News broke on Friday that the outage at the Norwegian Troll field would last until 1st April (instead of 4th February) - which supported European spot and near curve prices. NBP ICE February 2013 prices rose by 2.01% at close. UK NTS demand is expected to be 87 mm cm lower compared to Friday’s figure with the system sitting quite comfortably. After Friday’s increase, profit taking could force February 2013 prices slightly lower today. We expect spot prices for power to be down until mid-week when temperatures will be the mildest.