• UK Prices have dropped off this morning, on the back of a healthy system, stronger Norwegian flows and falling Oil prices.
• Warm outlook for the UK, with temperatures expected to increase over the next few days.
• The UK system is 16mcm long today, and demand is pegged at below seasonal normal, adding weight to prices. possibly limiting losses, is the extension to the Nyhamna outage.
• Coal prices offered support yesterday, but as they flatten and Oil prices decrease it pushes prices down. Oil prices are falling on the back of increasing output from Libya and increasing US production undermining OPEC rumours.
• UK Power prices have been in mixed directions this morning, as they react to juxtaposing factors.
• There is uncertainty around Solar forecasts this week, and wind generation levels remain low. They are however expected to increase next week.
• Coal prices increased on the back of a lack of liquidity yesterday, in turn they pushed each other’s prices up. Today Coal prices have flattened.
• Oil prices have decreased this morning as US production and Libyan output have increased, squashing any gains made following the OPEC extension plans.
• Both Dutch and French Gas have posted losses this morning, similar to the UK it is affected by Norwegian flows and decreasing Oil prices.
• Again a warm outlook for the continent, with expectations of very hot weather for next weekend (potentially 6⁰C above seasonal normal).
• Norwegian flows to the continent are at healthy levels today, along with continuing high levels of Italian imports. These levels seems to be shrugging off any effect made by the Nyhamna outage extension.
• Oil prices have declined this morning, as output from Libya increases as does US production.
• Dutch and German Power have both fallen this morning, as they follow the trend of their natural Gas counterparts.
• As continental temperatures remain on or around seasonal normal levels, this reduces demand and LDZ consumption.
• As Gas prices fall on the back of higher Norwegian flows and decreases in Oil prices, this adds weight to the Power curves.
• Oil prices are falling on the back of increasing production, which is counteracting any gains made following OPEC’s news to extend outputs, in turn pushing Power prices down.