It is apparent that the continental prices have risen hugely due to the heatwave, and that many plant are struggling to keep cool in the circumstances. In France the the government have allowed French nuclear reactors to drop above temperature water into rivers. In Holland similar emergency plans are being executed.

Although the UK prompt remains high there is a limit on the interconnector which has been flowing UK to France for some time. This limit has been easily covered by plant returning last week, and there is no doubt that if we have rain tomorrow and next week, then the heat in the system and prices will all peter out.

Winter 06 which we have been looking at carefully, has dropped below the £60 mark trading a number of times at £59.70, and looks as though it has further to fall. But many buyers will want to capitalise on these prices and perhaps on that basis things may get some support after 9.30am when the more languid buyers look at the market.