Spot prices are on a downward trend, following the expected rise in renewable power next week. Solar generation has peaked at 21 GWh, combined with improved lignite production has contributed to a bearish market.
Close to 3GW of power generation is offline due to unplanned outages, which is likely to sustain spot prices over the weekend. Kollsnes gas processing plant was also out yesterday due to a power cut, tightening flows into the UK and pushing the NBP spot prices up.
Energy Market Analysis - 03-07-2013Spot prices went up slightly yesterday as a result of lower supply levels and steady consumption. Solar generation in Germany has dropped by 5GW in the last couple of days but this has been countered by an increase in wind generation of around 2GW.
2nd July 2013 | Posted by: James Turner | Market Analysis
Near-term contracts are expected to remain firm in the next few days as temperatures are expected to improve over the weekend and next week. Nuclear availability is set to be reduced as a number of power plants have had their return dates postponed once again. How did the energy markets close? Gas contracts made numerous gains yesterday as Linepack opened the session short and made little moveme…