|Spot and near-curve prices were mixed yesterday with lower Norwegian supply tightening the system, while a surge in the value of the Pound put pressure on prices. The stronger US dollar weakened oil prices and limited gains on the far-curve.
|Day-ahead power prices remained supported yesterday. Spot conditions tightened slightly, while there was less wind and solar generation than expected. Curve prices tracked the slide in fuel prices.
|Norwegian flows are increasing this morning, however supply is expected to drop next week when annual maintenance begins at the Troll field. Demand is expected to be lower on the back of higher temperatures. A stable far-curve could be affected if oil prices strengthen as the US stock report is released.
|Curve prices tracked a small rebound in oil prices this morning. Strength has also come from increased cloud expectations, limiting solar power generation; while wind production is expected to fall below average levels.
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