Green Gas Markets continued to find support from strength in underlying NBP and TTF pricing:

• Cold
• Storage 
• Russia (transit)
• LNG

Unfortunately, for renewable power generators, PPA markets continue to lag the gas move higher:

• Interconnector imports.
• Low industrial demand.
• Wind performance.

More renewable capacity build-out through 2025/6.

In the short term, we look for price support from some weather forecasts and carbon markets, which remain strong.

• The ICE Dec EUA Carbon contract was up over 2% yesterday. 
• This morning, Green Gas and PPA markets opened around 1% lower.

If you would like to see any PPA pricing or discuss strategy, please call the desk or drop us an email.