Rebecca Cullen

The positive supply balance on the day saw the spot price ease Weak wind availability ensured elevated demand for gas-fired power generation again on Friday. A rise in temperatures brought overall gas demand down from the high levels seen earlier in the week and the system was comfortably supplied on the day. Despite the well-supplied […]

 Prices edged higher from opening as demand climbed slightly higher The UK gas market was less inclined to ignore the relatively high demand for the second day in a row and prices edged higher from opening as demand climbed slightly higher on colder weather and a dearth of wind generation.  Demand on the conventional gas […]

 The rise in demand was mainly down to a further decline in wind generation The UK gas system ran between 5 and 10 MCM short yesterday as demand rose to 345MCM, or 50MCM above the seasonal norm. Below normal temperatures drove heating demand higher but the rise in demand was mainly down to a further […]

A short gas system provided support to prompt prices on the NBP A short gas system provided support to prompt prices on the NBP on Tuesday as the spot and day ahead contracts settled 2.10p and 1.25p higher respectively. Gas demand was up at 333MCM on account of extra gas fired generators being required to […]

 Demand on the UK gas system climbed above the seasonal norm As gas-fired power generation was called on to provide over 50% of GB power demand, demand on the UK gas system climbed above the seasonal norm yesterday. Wind generation dropped to just 2GW and the surge in gas-fired generation pushed overall demand to almost […]

 Gas-fired generation demand pushed overall demand sharply higher UK gas futures see-sawed last week and finished with just marginal movement in either direction on Friday, leaving near futures contracts lower by an average of 1.25p week-on-week. As wind generation fell to just 4GW on Friday, gas-fired generation demand pushed overall demand sharply higher and the […]

UK gas system remained well balanced with demand still well below the seasonal norm Thursday was the last day of trading for the March futures contract on ICE and the focus was on that product in the market. After a slow start, March opened softer and the losses extended through the day as the product […]

Reduced, but still robust wind generation levels also helped keep overall gas demand subdued With temperatures remaining above the seasonal norm across Ireland and the UK, demand on the UK gas system remained some 80MCM, or 25%, below normal for this time of year. Reduced, but still robust wind generation levels also helped keep overall […]

The NBP gas market made a valiant to recover some of the losses from the previous session UK gas demand declined day on day as the projected increase in wind generation materialized and demand from conventional generation dropped.  As a result, forecast demand was projected at 220MCM with supplies running close to that figure and […]

The positive supply-demand balance saw prompt and near futures gas prices fall again Heating demand fell below 200MCM for a weekday for the first time this year. Although gas-fired power demand remained high due to low wind availability, overall demand on the UK gas system averaged just over 250MCM and deliveries maintained a 5MCM cushion […]