A rise in nuclear availability added to continued mild weather and healthy supply has helped spot prices fall yet again. However next week should see slightly colder temperatures and weaker wind production which will most likely lead to upward movement.
Demand levels are rather low and supply is healthy as we enter the New Year as temperatures remain mild in Europe. The UK is reliant on wind generation over the winter period although nuclear and lignite production is healthy
Spot prices showed very little movement yesterday as fundamentals hardly changed. Meanwhile mild weather for this time of year is expected over the holiday season and this should reduce demand levels.
Spot prices fell slightly yesterday on the back of improved wind generation levels. Wind production is expected to remain healthy in the coming days, while milder temperatures will also help prices stay stable to bearish.