A series of unplanned outages and high demand prevented spot prices succumbing to bearish pressure during Week 13. Mixed signals regarding longer term temperature forecasts continued to weigh on the market, whilst the outage at Vesterled was moved to a planned outage having been out of action since Monday of Week 12.
The NBP curve traded firmly in response to concerns over record low gas stocks, with high injection levels expected during the summer months to refill supplies ahead of winter. The far curve added value due to yet more bullish trade in EUA carbon prices, which continued to build on late buying interest ahead of the April deadline.
Click the download button on the right to read the full report.