Demand for gas in the UK has risen as today is the first day of winter contracts, according to npower’s daily market report.
It has increased to 230mcm whilst domestic demand has picked up to 100mcm as temperatures are a bit lower.
Tim Carter from npower’s Optimisation Desk said: “That’s actually driven by an increase in storage injections with a number of sites nominating with Aldbrough (17mcm), Holford (4mcm) and Rough (8mcm).”
Despite high demand the gas system in the country is 6mcm oversupplied.
LNG send-out has also increased to 45mcm as a new cargo arrived yesterday and four more tankers are scheduled to arrive by Monday.
On the other hand, exports via the UK interconnector are “slightly” lower.
On the power system, peak demand is at 41GW and margins are at 10GW.
Wind is generating less than 1GW but it is expected to raise to 4GW next week.
Mr Carter added: “There is also healthy supply from coal and nuclear generation despite the restart at Torness-2 being pushed back to tomorrow.”
Oil is currently trading at $49 per barrel.