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10/05/2021
Gas
Expectations for increased demand as forecasts remain below average and further bullish trading within the European carbon market pushed NBP gas contracts higher on Tuesday. This morning, NBP gas contracts have opened higher again tracking the gains within the wider energy complex.
Power
UK power contracts traded higher as new MetDesk data forecasted temperatures and wind generation would remain below average, and trading within the European carbon market strengthened further. UK power contracts have opened higher this morning, as wind generation remains low and trading within the wider commodities strengthens further.