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NBP gas contracts edged higher on Tuesday as near-term cold weather strengthened demand, while longer dated contracts firmed as trading within the wider commodities strengthened. This morning the majority of NBP gas contracts have opened higher, as trading within the wider commodities strengthens and UK demand remains high.
Near-term cold weather and stronger trading within the wider energy complex pushed UK power prices higher on Tuesday. UK power contracts have opened higher this morning, tracking the gains within the NBP gas and European carbon markets.