Spot prices went down yesterday following an increase in wind generation and a slight improvement in nuclear availability. Exchange prices were considerably lower than OTC prices and the cooler weather in France led to near-term contracts making a loss.
Spot prices fell slightly yesterday with improved renewable energy production the main driver of prices; with wind and solar capacities going up by 4GW. The UK gas system opened long this morning and NTS demand is expected to be lower in the next few days and supplies should remain healthy as a result.
Renewable energy production is expected to fluctuate in the next few days but thermal supplies should see an increase. The price of coal has dropped slightly and a decrease in near-term power prices has led to lower year-ahead prices.
Spot prices fell slightly yesterday due to the usual drop in demand on Fridays and increased supply levels. Nuclear availability has also improved slightly in Germany and France which should limit any gains over the weekend.
Temperatures are expected to be slightly warmer in the next few days while thermal supplies and wind generation are quite low at present. Spot prices should see an increase on the back of this although nuclear availability should increase slightly.