Energy Markets Weekly: NCS works and softer wind keep the prompt edgy; curves still disciplined

UK and Continental markets are trading a familiar pattern: prompt gas is steady in the mid-70s p/th as lower wind lifted gas-for-power, while the back of the curve remains range-bound despite firmer carbon. Norwegian supply is broadly healthy but peppered by unplanned cuts and a chunky late-Aug/Sept maintenance slate that is keeping a modest early-winter risk premium.