According to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, March 25, reached their weekly maximum settlement price, €28.49/MWh.
However, on Tuesday, March 26, the settlement price fell by 4.8% from the previous day. Tuesday’s settlement price, €27.13/MWh, was the weekly minimum. According to data analyzed at AleaSoft Energy Forecasting, this price was 6.0% lower than the previous Tuesday. In the last sessions of the week, settlement prices were higher but remained below €28/MWh. On Thursday, March 28, the settlement price was €27.34/MWh, 3.6% higher than the previous Thursday.
European reserve levels, abundant supply from Norway and forecasts of higher temperatures in early April contributed to TTF gas futures prices remaining below €28/MWh in most sessions in the last week of March, AleaSoft Energy Forecasting reports.
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