Demand for natural gas from power stations has fallen to a six-month low.
That’s according to S&P Global Platts, which says this is as a result of falling electricity demand from consumers and pick-ups in nuclear and renewable generation.
The UK’s gas-for-power demand fell 30% in February to 1.56 billion cubic meters (Bcm), only just higher than the 1.51Bcm recorded during the same month the year before.
Gas-fired generation averaged close to 14GW, down from 17.8GW in January, seeing its role in the generation mix falling from 45% to 38%.
UK power imports rose from an average of 1.15GW in January up to 1.90GW in February, further lessening the need for gas.
Despite this, S&P Global Platts’ Senior Gas Writer, Stuart Elliott, said: “Gas-for-power has still had an exceptional run this winter.
“For the five months to end February gas-for-power demand has totalled 9.98Bcm, comfortably above the whole of Winter 2015-16 and closing in on the 10.93Bcm recorded during Winter 2010-11.”
The first ever liquefied natural gas (LNG) cargoes from the Dominican Republic and Peru have arrived in the UK.