Colder weather, reduced liquefied natural gas (LNG) send-out from terminals into the U.K. gas network and an escalation in the Ukraine/Russia conflict lifted European natural gas prices in late August while day-ahead electricity price trends diverged, according to data just released by Platts, a leading global energy, petrochemicals and metals information provider.

“U.K. spot natural gas prices briefly dipped under 35 pence per therm (p/th) in mid-July, but rose 8% month over month in August to an average 40.60 p/th on the back of cool temperatures and lower LNG supply,” said Platts energy analyst Alex Froley.

Prices of day-ahead natural gas at continental Europe’s most liquid natural gas trading hub – the Dutch TTF – rose 6% last month.

On the back of higher natural gas prices and unexpected outages at EDF Energy’s Heysham and Hartlepool nuclear power plants, U.K. day-ahead power prices in August rose 6% from July.

The Netherlands also saw an increase in the day-ahead power price, up 10% month over month to Eur37.94 per megawatt hour (/MWh).

However, natural gas played a much lesser role in French and German power markets, where strong nuclear, hydro and renewables generation in August drove the Platts Continental Power (CONTI) Index* down 6.36% month over month to Eur27.54/MWh.

This marked the eighth consecutive monthly decline in the CONTI index, which was last seen at current levels in August, 2007.

From your nuclear news. Full article can be read here