|Market Close||Market Close|
|European Gas prices weakened further yesterday, pressured by falling coal prices and a sharp upward revision in temperature forecasts. The UK system opened short due to lower Norwegian supply, but was balanced by a fall in exports and rising storage and LNG withdrawals.||Day-ahead Power prices rebounded yesterday as wind generation fell and demand increased. Far curve prices declined, with the main bearish factor being coal prices.|
|Market Open||Market Open|
|UK Gas prices have seen limited movement this morning. Temperatures are set to increase into next week, and LDZ consumption is set to drop. Langeled flows have reduced again, however the system remains fairly balanced.||UK Power prices have tracked the NBP this morning, as wind levels continue to look low. The forecast higher temperatures for the weekend will see demand decline, while curve prices have pushed up slightly amid unplanned outages and issues at three efficient gas plants.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
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