|European gas prices fell yesterday, tracking the decline in Brent Oil prices. An oversupplied UK system weighed on the prompt on the back of an increase in Norwegian supply and a day-on-day drop in gas demand.
|Power prices also fell yesterday, on the back of the falling Oil prices. UK prices were impacted by drops in European fuel markets. High wind power generation also kept prices lower.
|Prompt NBP prices have fallen for a second day. Unlike yesterday, Norwegian supply is due to drop with seasonal field maintenance tomorrow and gas demand should increase next week due to colder forecast temperatures.
|Power prices have continued to fall today, taking direction from a weak NBP and Coal markets. Demand is forecast to be lower today, along with slightly higher solar levels and lower wind generation levels. Supply conditions are seen improving next week on the renewable side.
For a breakdown of the current generation mix visit our Power Generation Insights page.
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