Chilly weather keeps gas demand high – DMR

Demand for gas remains high today as the cold weather continues, according to the daily market report. Ben Spry, Optimisation Desk Manager at npower said: “We got a very long gas system this morning at 20 mcm (million cubic meters) long and that’s pressuring prompt prices. We’ve got high consumption, a lot of demand around […]

“Bullish” trend of UK power prices goes on – DMR

A “bullish” trend of UK power prices edging up should continue today, according to the Daily Market Report from npower. The analysts pegged the push upwards on a “tighter” power system, with a gap of less than 10 gigawatts (GW) between how much energy we need and what supply is available. Gemma Bruce, Client Portfolio […]

UK gas system short by “whopping” 14 million cubic meters

The UK gas system is forecast to close short of a “whopping” 14 million cubic meters (mcm) today, according to the daily market report from npower’s Optimisation Desk. That’s because of a drop in Norwegian gas into the St Fergus terminal. Largely this is due to current low gas production levels in the North Sea, […]