While the gas spot market was pretty volatile in January, the front year in NCG hardly moved.
In electricity, on the other hand, there was a little more activity at the long end. Driven by high volatility in gas and CO2 prices, there was also a lot of movement on the spot market. The front year in German electricity followed, weakened but noticeable. Overall, however, the new year started rather slowly at the long end.
The participants of the enmacc market sentiment had a very good feeling for the market. 75% of all tips predicted the right trend. A strong result.