UK GAS-Prices rise as coming cold wave seen lifting demand
LONDON, Nov 11 (Reuters) - Britain's wholesale gas prices rose on Monday due to expectations for colder weather and consequently higher demand in coming days, with stronger carbon also lending support.
* Day-ahead gas rose by 1.00 pence to 39.00 pence/therm by 0905 GMT.
* The December gas contract was up 0.39 pence at 42.28 pence/therm.
* Expectations for colder weather in coming days were behind the rise in prices, gas traders said.
* Strong carbon also contributed to the price move, one trader said.
* Average daily temperatures are forecast at 6.4 degrees Celsius on Monday and are expected to fall to 5.2 C the next day, Refinitiv Eikon data showed.
* The gas system was oversupplied, with demand forecast at 264.0 million cubic metres and supply at 299.6 mcm/day, National Grid data showed.
* Demand is seen much higher on Tuesday, a gas trader said, at 308 mcm/day.
* The benchmark Dec-19 EU carbon contract rose by 0.54 euro to 25.38 euros a tonne.
* Prices rose despite strong piped supplies and wind power generation, factors that were likely to push the within-day price lower, a gas trader said. Within-day had not yet traded.
* Norwegian gas flows rose to 102 mcm per day, from 101 mcm on Friday, with imports through the Langeled pipeline flowing at maximum capacity.
* One LNG cargo arrived in Britain on Sunday, with three more vessels expected by the end of the week.
* Wind power generation is expected to reach 9.8 gigawatts (GW) on Monday and rise to 10.7 GW on Tuesday, Elexon data showed.
* Day-ahead gas at the Dutch TTF hub rose by 0.55 euro to 15.25 euros per megawatt hour (MWh).
* The Dutch month-ahead gas contract, a benchmark for LNG prices as well as European gas, was up 0.28 euro at 16.13 euros/MWh. (Reporting by Lefteris Karagiannopoulos; Editing by Dale Hudson)