Balance of Week dealt at 21.85 p/th while Working-Days-Next-Week went through between 18.35 p/th and 18.60 p/th. The latter’s discount to the former - at over 3.00 p/th - was attributed to increased supply at the hub on the back of the expected return online of the Belgium-UK Interconnector on Sunday.

Among the months, October edged upwards by around 0.30 p/th though the November and December months remained relatively range bound. December traded at –0.225 p/th basis to the NBP in 25 thousand therms. In the curve a Summer ’04 deal went through at +1.70 p/th basis, while further out Q4 ’04/Q1 ’05 was concluded at –0.025 p/th.

In the Bunde/Oude region, a Day-ahead deal was reported at Eurohub at EUR 10.55/MWh.This followed two Day-ahead deals there on Tuesday at the same level, and surprised market players. One suggested that dealing at Eurohub will dry up once the supply route via the Interconnector reopens on Sunday.

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