Market report gas from 10 to 16 March 2023

Only a short price spike in the gas trading market

gas & heat

2023-03-16 16:55

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Heiko Lohmann

This translation was created with the help of DeepL, original version. More...

Problems in French nuclear power plants caused prices to firm before spring brought relief.... (Image: Fotolia)

Berlin (energate) - On Friday last week, the day-ahead price on the Dutch TTF reached a level of 54 €/MWh, which corresponds to an increase of 9 €/MWh. "Why did the prices rise so much? I don't know," tweeted one analyst very honestly the following Saturday. "The algos are at it again," a trader commented on the somewhat surprising sharp price rise after a relatively long period of an intact downward trend. A short squeeze probably reinforced th ...

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