A drop in wind and nuclear generation in addition to lower than average temperatures led to spot prices making significant gains yesterday. However prices further along the power curve moved down on the back of weaker carbon and coal prices.
Spot prices displayed no clear trend on Friday with some contracts strengthening and others falling by the end of the session. A varied weather forecast in Europe resulting in differing demand expectations is the cause of this mixed movement.
Spot prices moved down yesterday due to the usual drop in demand on Fridays and on the back of an improved wind generation forecast. A drop in Langeled flows led to a tighter UK gas system and in turn resulted in higher NBP prices yesterday.