Tuesday 10 November 2015

Renewables reduce gas demand – Y report

Renewable generation reached 16% of the UK energy mix this week, according to Inenco’s Y report.

That has resulted in reduced gas demand along with warm temperatures, demand for gas has been reduced.

Kayleigh Winstanley, Energy Trader said: “In line with this we’ve seen contracts reach new lows.”

The UK gas system is 3% oversupplied which has also reduced prices.

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Norwegian flows as well as those from South Hook have recovered following recent outages.

Three LNG cargoes are also expected to arrive this week.

Ms Winstanley added: "With the system being in such comfort I would be holding on both fixed and flexible contracts with the anticipation of seeing some new lows."