Not far from 100€/t
The power spot prices rebounded yesterday in northwestern Europe, buoyed by forecasts of colder temperatures and dropping wind output. The day-ahead prices averaged 280.23€/MWh in…
European and Asian gas prices retraced some of their strong gains recorded earlier in the week on Friday. Spot prices also weakened slightly on the back of a long UK gas system, rising Norwegian production due to a reduced maintenance impact and prospects of higher sendouts from French LNG imports terminals. On the curve, the TTF Q4 21-Q1 22 spread moved further high in positive territory, highlighting strong concerns over an extended storage injection period inEurope to refill depleted stocks.
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