UK GAS-Prices fall on oversupply, low consumption due to high winds

* Gas for immediate delivery down 1.35 pence at 36.00 p/therm

* High (LSE: 0O9Y.L - news) wind output reduces consumption by gas plants

* BBL flows resume, exports fall, leading to oversupply

LONDON, Nov 5 (Reuters) - British prompt gas prices fell on Thursday morning on oversupply as flows from the Netherlands resumed, exports fell and consumption decreased due to higher wind output.

Gas for immediate delivery stood at 36.00 pence per therm at 0818 GMT, down 1.35 pence from Wednesday's settlement, while day-ahead gas was down 0.70 pence to 36.10 p/therm.

Demand was forecast to be 230.7 million cubic metres (mcm) on Thursday, while flows were estimated at 252.9 mcm/day, National Grid (LSE: NG.L - news) data showed, leaving the system oversupplied by 22.2 mcm.

The oversupply is largely due to the resumption of flows through the BBL pipeline from the Netherlands this week and a reduction in UK gas exports to continental Europe, said Oliver Sanderson, analyst at Thomson Reuters Point Carbon.

Consumption by gas plants was also down due to high wind output.

"High winds are an additional bearish driver, especially tomorrow and are likely to subdue gas for power demand," Sanderson said.

"Gas-for-power demand averaged around 60 mcm/d the past two days yet is forecast at just 32 mcm tomorrow," he said.

In the Netherlands, December TTF price was flat at 17.95 euros per megawatt hour.

Gas demand in the Netherlands, as well as Belgium and France, should ease this month compared to October, due to milder weather, according to consultancy Energy Aspects.

The analysts expect a colder December and first quarter 2016 versus last year which will increase gas demand.

In Europe's carbon market, the front-year EU Allowance price was up 0.01 euro to 8.41 euros per tonne. (Reporting by Nina Chestney; editing by Jason Neely)