The gains seen on Thursday were substantially reduced as players woke up and realised that the mild weather forecast for next week, falling gas prices, falling emissions prices, and a general bearish sentiment meant that the reactionary buying yesterday was overdone. Coupled with this many players knowing the potential liquidity trap associated with the UK power market, would be looking to take the profit caused from a £2-£4 swing.

The market closed at similar levels to where it started at next week, should see continued bearish sentiment, with the potential return of at least one nuclear plant. The supply margins should not be as tight, and there is nothing to sustain a push higher. Encouraging to see is also the speed at which sellers came to the market, in the past the bidders have remained at the table for long periods, and although not trading much still, holding the market higher than some of the fundamentals may suggest.