EU bank lends £500m to upgrade UK power system

The European Investment Bank (EIB) has agreed to provide £500 million to upgrade the UK’s power system. The 20-year loan facility will support UK Power Networks’ plans to improve critical energy infrastructure across London, the East of England and South East over the next seven years. The company, which distributes 27% of the UK’s electricity, […]

Good time to place fixed price contracts – Y report

It is a good time to place fixed price contracts now for those customers who need budget certainty, according to Inenco’s Y report. That’s because the market is at “pretty much bottom of the market levels”. Dorian Lucas, Energy Analyst said: “This time of the year can be really, really risky so people with fixed […]

Gas system slightly undersupplied – DMR

The UK gas system is “slightly” undersupplied, according to npower’s daily market report. The linepack is forecast 6mcm short whilst demand is around 320mcm, 25% higher than seasonal normal levels. Langeled flows are nominated at 70mcm, LNG is at 46mcm and the Balgzand Bacton Line (BBL) at 18mcm. Tim Carter from npower’s Optimisation Desk said: “Storage […]

Gas prices could continue to fall – Y report

Gas prices could continue to fall as the system is forecast to be oversupplied, according to Inenco’s Y report. However, with temperatures expected to be below seasonal normal levels from Thursday until the end of the month, prices have pushed up “a little bit”. Stuart Lea, Head of Energy Trading said: “We should balance this by the fact […]

Gas system long – DMR

The UK gas system has opened long this morning, according to npower’s daily market report. That’s because the Norwegian outages at Troll have ended. Langeled flows are at 55mcm. Alex Guiot from npower’s Optimisation Desk said: “The length of the system is captured this morning by storage sites with Holford injecting 14mcm. Temperatures are expected […]

Gas system well supplied – DMR

The UK gas system is well supplied, according to npower’s daily market report. The linepack is forecast to close 12mcm long. Sarah Astley from npower’s Optimisation Desk said: “Temperatures are set to dip through to Saturday however they will remain above seasonal normal levels and are then forecast to increase again from Sunday.” Langeled and […]

Gas system comfortable – DMR

The UK gas system is very comfortable this morning, according to npower’s daily market report. The linepack is forecast to close 13mcm long. Sarah Astley from npower’s Optimisation Desk said: “The mild temperatures continue to suppress demand and temperatures are forecast to remain above average for at least the next week.” Langeled flows are at […]

Gas system well supplied – DMR

The UK gas system is well supplied, according to npower’s daily market report. The linepack is forecast to close around 5mcm long. Sarah Astley from npower’s Optimistation Desk said: “Above average temperatures continue to suppress demand and they are forecast to remain above average for the rest of the week and possibly into next week.” […]

Gas system long – DMR

The UK gas system has opened 18mcm long today, according to npower’s daily market report. That’s because some Norwegian gas field outages have ended. Alex Guiot from npower’s optimisation desk said: “The one at Kvitebjørn is resolved but the one at Asgard continues with a 10.5mcm restriction.” LNG flows from South Hook dropped to zero […]

Power prices still falling – Y report

Power prices are continuing to fall, according to Inenco’s Y report. Dorian Lucas, Energy Analyst said: “Those customers looking to place fixed price contracts, those who can wait a little bit might benefit from doing so, however if you’re looking at the market now and seeing a year-in-year benefit might be beneficial for you to […]