Gas and power prices up – DMR

Gas and power prices are trading upwards, according to npower’s daily market report. That’s because Rough storage has announced it will delay the start of its gas withdrawals. The system […]

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By Jacqueline Echevarria

Gas and power prices are trading upwards, according to npower’s daily market report.

That’s because Rough storage has announced it will delay the start of its gas withdrawals.

The system is long with demand below seasonal normal levels as temperatures remain above average for this time of the year.

Alex Guiot from the Optimisation Desk said: “Nevertheless forecasts are suggesting temperatures will drop in the next few days and therefore we are likely to see an increase in gas demand going forward.”

 

Norwegian flows are robust at 59mcm via the Langeled pipeline with Balgzand Bacton Line (BBL) flows stable at 16mcm.

On the power system, the peak margin is forecast at 9GW.

Wind is expected to reach above 4.9GW later today which could make the margin more comfortable.

Brent oil is trading at $49/bbl (£40.18/bbl).

Market trends and the impacts of Brexit will be part of the discussions at the Energy Live 2016 conference in London on Thursday. Join in the debate using #EL2016.