Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    50,742.36
    -772.23 (-1.50%)
     
  • CMC Crypto 200

    1,330.11
    -66.42 (-4.76%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

UK GAS-Day-ahead lifted by lower temperatures, wind output

LONDON, May 16 (Reuters) - British gas for day-ahead delivery rose on Wednesday morning as a dip in temperatures and lower forecast wind output increased demand but most of the rest of the curve declined on oversupply

* Day-ahead gas rose by 0.65 pence to 55.65 pence per therm at 0755 GMT

* Local (Stuttgart: 19549987.SG - news) distribution zone consumption is forecast higher at 96 million cubic metres (mcm) due to below normal temperatures on Wednesday and Thursday.

* From Friday, temperatures are forecast to return to warmer-than-normal

* Gas-for-power demand is forecast slightly higher on lower wind production

ADVERTISEMENT

* Peak wind generation is seen falling to just below 4 gigawatts (GW) on Thursday from 5.7 GW on Wednesday, Elexon data shows

* Flows are forecast at 182 mcm per day and demand at nearly 175 mcm, meaning the system is slightly oversupplied by 7 mcm, National Grid (LSE: NG.L - news) data shows

* Exports through the InterconnectorUK pipeline to continental Europe have fallen to 18 mcm, Thomson Reuters Eikon data shows

* June gas fell by 0.75 pence to 53.50 p/therm

* Day-ahead gas at the Dutch TTF hub declined by 0.11 euro to 21.27 euros per megawatt hour

* The benchmark Dec (Shanghai: 600875.SS - news) -18 EU carbon contract inched up by 0.01 euro to 14.33 euros a tonne (Reporting by Nina Chestney)