Gas system is comfortable – DMR

The power system is slow to get going today, with price direction coming from gas contracts trading lower across the curve, according to npower’s daily market report. The gas system for the UK has opened 37mcm long, despite high demand forecasted. This is aiding any downside with upward oil momentum and a weaker pound providing […]

Gas system opens undersupplied – DMR

The gas system has opened undersupplied today, according to npower’s daily market report. The linepack is currently forecast to close around 16mcm short. That’s largely the result of increased domestic demand as temperatures fall below seasonal normal levels. Gemma Bruce from the Optimisation Desk said: “Gas markets have opened a touch firmer on the prompt […]

Gas and power prices open firmer – DMR

Gas and power prices in the UK have opened “firmer” this morning. That’s due to a drop in the value of the pound and “a tick higher” in oil prices, according to npower’s daily market report. The gas system is forecast to end the day 27mcm long. Gemma Bruce from the Optimisation Desk said: “Strong […]

UK power margins tighter – DMR

The power margins in the UK are tighter today, according to npower’s daily market report. That’s as wind generation has tailed off to “virtually nothing” but forecasts indicate a sharp ramp up overnight. It is expected to reach a peak of 4.5GW. The gas system has opened in length and is forecast to end the […]

Gas system undersupplied – DMR

The gas system has opened undersupplied this morning, according to npower’s daily market report. It is forecast to close 7mcm short due to a rise in demand as temperatures are forecast to be below a 10-year average today. Norwegian flows from Kollsnes gas field have been cut by 6.5mcm for the next 12-24 hours whilst […]

UK gas system oversupplied – DMR

The gas system in the UK has opened around 5mcm oversupplied. It is being driven by reduced demand which is around 10mcm below seasonal normal levels, according to npower’s daily market report. Bacton IUK interconnector exports are reduced by around 9mcm and a slight reduction in gas-fired power generation is softening demand on the system. […]

Gas system balanced – DMR

The gas market has opened up softer this morning and the power market is slow to get going, according to npower’s daily market report. A balanced gas system and subdued oil prices reflect the softness in prices. The linepack is fairly flat but the system is still being affected by three outages. It has been announced the Netherlands has […]

Gas system comfortable – DMR

The UK gas system is comfortable today, according to npower’s daily market report. Sam Hill from the Optimisation Desk said: “Contracts that have traded in the gas market are up on last night’s close, with the power market looking flat to soft on the front month. Whilst the power market takes a breath after the […]

Gas system oversupplied – DMR

The UK gas system is currently oversupplied, according to npower’s daily market report. Both gas and power contracts that have traded this morning at up on last night’s close despite the oversupply “amid above average temperatures and strength in the pound”. The linepack is 23mcm long and there is strong send-out from South Hook at […]

Gas system oversupplied – DMR

The UK gas system has opened oversupplied today. That’s due to increased gas flows at 207mcm against a 10-day average of 196mcm, according to npower’s daily market report. Amardeep Ubhi from the Optimisation Desk said: “This has led to softer gas prices on front month and flat to firm on the front two seasons. Flows […]