Tuesday 29 March 2016

Gas prices lower – DMR

Gas prices lower – DMR

Gas prices in the UK are lower, according to npower’s daily market report.

Samuel Hill from the Optimisation Desk said: “Following on from the Easter weekend, both the gas and power markets are slow to get going. Prices that have traded in the gas market are lower than last night's close across the curve, power hasn’t yet traded but is likely to mimic gas.”

The linepack on the gas system is forecast more than 10mcm long.

Norwegian flows from the Langeled pipeline are at 65mcm and those through the BBL are at 24mcm.

Mr Hill added: “Following on from the arrival of a tanker into South Hook yesterday, the current LNG send-out is around 40mcm. Rough storage withdrawals are nominated at zero, with flows around 10mcm. This is as they cut injections and begin some essential maintenance.”

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On the power system, the peak margin is more than 16GW.

Wind generation is expected to reach 2GW.

CCGT production is at 17GW, coal generation at 4GW and nuclear at 8GW.

Mr Hill went on: "Both the French and the Dutch interconnectors are importing at their full capacities with some small imports from Ireland and East-West interconnectors."

Brent oil is currently trading at $39.7/bbl (£27.79/bbl).

Written by

Bruna Pinhoni

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