| Gas | Power |
| Market Close | Market Close |
| Gas prices were volatile once again yesterday, pressured by an upward revision in temperature forecasts for next week and strong flows from Norway. Rising oil prices also offered support. Curve contracts remained negative at the close, while spot prices showed some resilience amid short-term lower temperature forecasts. | The power curve mainly tracked changes seen on the gas curve yesterday, while front-month contracts saw a downturn correction. Weaker coal and Brent prices saw losses continue on the far-curve. |
| Market Open | Market Open |
| The UK system is short this morning, while Norwegian exports are constrained by a set of three unplanned outages expected to last up to 24 hours. Nevertheless, temperatures are still forecast to increase into next week, which is bearish for prompt and near-curve prices today. Steady coal and oil prices could limit downside in curve contracts in the short term. | Prompt markets are not as tight this week due to warmer weather, despite low wind output forecast for next week. Near-curve prices remain supported amid the lack of significant improvement of spot fundamentals. |
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Brent Summary
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