Prices trade within narrow range amid Nuclear outages

Gas prices continued to fluctuate within a narrow range on Thursday amid a lack of major developments, largely unchanged short-term fundamentals.

The latest weather forecasts indicate that large parts of Europe can expect to see above-average temperatures until mid-July, supporting gas-fired generation over the next couple of weeks.

Steady exports from Norway, Europe’s largest supplier, continued to serve as a price ceiling for the NBP and neighbouring hubs, no unplanned maintenance has been published so far this week.

Continental storage stocks still expected to surpass 60% fullness by Sunday, with current levels steadily reducing the deficit compared to the same period in previous years.

Minor price movements were observed in both directions across the UK baseload power curve as issues around constrained nuclear output across Europe persists, exacerbated by the ongoing heatwave.

Currently, four French nuclear reactors are offline due to unplanned maintenance. Civaux 2 remains under inspection following the discovery of stress corrosion cracks last month. Golfech 1 is still offline amid concerns over its cooling system as well as Belleville 1 and Flamanville 2.

These outages are limiting nuclear generation capacity at a time when elevated cooling demand, predominately in the continent.

If you want to see more information on the wholesale market trends subscribe to our weekly report here.

Price commentary courtesy of Crown Gas and Power Power report courtesy of Crown Gas and Power

Back to the Latest News

Our Supplier Panel

The Energy Advice Line is the UK's leading online price comparison and switching service dedicated to small and medium sized businesses in the UK.

Our online quotation engine has been designed to facilitate speedy but accurate commercial electricity and gas prices – all at the click of a button to allow you to search the market for the lowest prices from an extensive panel of suppliers and contract options.

1 5 16 17 13 71 110 22 28 111 44 58 31 51 36 60 46 65 79 81 113

Customers Love Us !

Say 'No' to cold calling on business energy

Unfortunately, business electricity and business gas customers in the UK are bombarded with unsolicited cold calls on a daily basis.

This unscrupulous approach does not offer the business energy customer an impartial view on the market and the price offered is more often 20-30% above the current retail price for electricity or gas.

At Energy Advice Line we strongly advise customers to not accept these offers and follow our simple steps to ensure that they are not locked into an uncompetitive contract.

Join our cold calling campaign here, and spread the word to say 'no' to cold calling on business energy!

Say No To Cold Calling on Business Energy