|Market Close||Market Close|
|European gas prices ended the week on a bearish note on Friday, pressured by forecasts of normal temperatures after a widely awaited cold snap in the coming days and weak oil prices. The UK system was comfortable thanks to high imports from Norway and the continent.||The majority of power contracts tracked the movement of weaker gas counterparts on Friday. Losses were seen on the prompt following a milder weather outlook for November and an expected rise in wind levels. A strengthening Pound contributed to sizeable losses on the far-curve.|
|Market Open||Market Open|
|The gas system remains long this morning, to a lesser extent than Friday, as heating demand increases due to cooler temperatures. A very erratic Power market could influence movements on the gas curve, while Power markets could also provide support in the short-term on the back of tight nuclear supply in France.||UK Power has again risen astronomically this morning, following a very tight system and a market which is still feeling the effects from the French nuclear outages. Largest rises are on the front end, with prices rising over 150 £/MWh; however there are considerable rises across the whole curve.|
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