UK gas system ‘short on strong demand and low supply’

The gas system in the UK is short today as a result of strong demand and lower supply, according to the daily market report from npower. Supplies are expected to […]

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By Priyanka Shrestha

The gas system in the UK is short today as a result of strong demand and lower supply, according to the daily market report from npower.

Supplies are expected to drop around 6% across the day and flows from Norway has also reduced while demand is “slightly above seasonal normal” levels, Client Portfolio Manager Tom Matthews said.

Liquefied Natural Gas (LNG) supplies also remain “slightly subdued”, he added.

The power system however “looks fairly comfortable”, with the peak margin expected to remain at around 14GW.

 

“Wind is subdued at around 1GW and coal generation is also subdued at around 8GW. This has left CCGT generation to pick up the slack – supporting around 41% of UK supply at the moment”, Mr Matthews said.

Looking ahead, he suggests keeping an eye out on what happens to Russian gas across the day now that Ukraine has missed its deadline.