NBP and TTF Gas contracts dropped over 4% yesterday.
This is the biggest drop since April 9th on the last trading day of the June contract.
- Gas market volatility continues to be driven by macro political news and economic outlook.
- Traders moved to price in the possible demand-side impact of any new tariff ruling.
- In previous sessions, the market had been strongly higher on unplanned outages and LNG supply.
- PPA and power markets have followed gas lower.
- This morning, wind performance in the UK is robust again, delivering around 45% of the demand requirement.
In other news: Sizewell C Nuclear Plant gets go-ahead with £14.2bn of government funding.