Gas demand increases – DMR

Gas demand has increased to more than 200mcm, according to npower’s daily market report. Exports through the Interconnector have gone up to 41mcm. The gas system is balanced and linepack is […]

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Gas demand has increased to more than 200mcm, according to npower’s daily market report.

Exports through the Interconnector have gone up to 41mcm. The gas system is balanced and linepack is long at 2mcm.

LNG sendout has increased to 53mcm whilst CCGT demand has decreased to 27mcm.

Wind generation is set to improve through the week to almost 50%.

 

Ben Spry from npower’s optimisation desk said this is “a reasonable improvement” compared to the recent feed-in.

Brent oil has decreased due to a strong US dollar. Mr Spry said this is “a result of improving inflation data, making an interest rate hike later this year more likely”.

The Euro is below 0.71 against the sterling.

This is due to headlines over the weekend suggesting Greece will not be able to pay its debt obligations in June, Mr Spry added.