Tight plant margins, unseasonable weather and volatile gas flows are all doing their bit to help firm prices.
Last week saw firmer prices due to system tightness and volatile flows through the UK-Norway Langeled pipeline. This pattern is set to continue in the coming week helped by the colder weather.
We have seen that Langeled is flexing quite considerably in response to price signals. When prices drop below 15p/therm, it is turned off and when the price is driven above 22p/therm, the valve is opened and significantly more gas flows. As we have seen demonstrated this past week, the summer is proving to be a much more capable squeeze option than the winter, with summer plant outages and volatile demand.
In the US, the peak season is Summer and as global warming threatens there is likely to be a flattening between Summer and Winter.
14 May 2007
Market continues to jostle for position with no new fundamental information. read more...
03 February 2006
Europe has been much colder than the UK and this has meant European gas and power prices are setting new highs, this only shows that the system works, but it does make the market more jittery to foreign fundamentals. read more...
04 March 2005
Cold snap could be the last price spike of Winter 04 read more...
25 January 2005
Winter 05 continues its bull run, hitting a two month high of £37.10. read more...
Natural Gas the one to watch
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
08 March 2010
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
Gas Imports Keep the System Balanced
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
08 January 2010
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
Gas Balancing Alert Issued
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
05 January 2010
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
Out with the Old, In with the New
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
31 December 2009
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
Where's the certainty?
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
23 December 2009
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
The Energy Efficient Clock Change
A wet and cold week in store for most but clock change is likely to help absorb some of the impact of energy use - but could the clock do more? read more...
29 March 2010
A wet and cold week in store for most but clock change is likely to help absorb some of the impact of energy use - but could the clock do more? read more...
Natural Gas the one to watch
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
08 March 2010
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
Gas Imports Keep the System Balanced
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
08 January 2010
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
Gas Balancing Alert Issued
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
05 January 2010
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
Winter is Coming - or is it?
With the 'balmy' temperatures enjoyed over November , it's hard to believe that tomorrow officially marks the start of winter according to the Met Office - but what can we expect? read more...
30 November 2009
With the 'balmy' temperatures enjoyed over November , it's hard to believe that tomorrow officially marks the start of winter according to the Met Office - but what can we expect? read more...
Imera secures new inter connector
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
07 December 2008
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
Feeling the Squeeze
Centrica will not repeat last year’s exceptional level of profitability their Chief Executive warned yesterday. But with rising energy prices it’s interesting to understand how they’re not cashing in. read more...
13 May 2008
Centrica will not repeat last year’s exceptional level of profitability their Chief Executive warned yesterday. But with rising energy prices it’s interesting to understand how they’re not cashing in. read more...
Currency fluctuations causing pain on UK gas imports
Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency. read more...
23 April 2008
Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency. read more...
Short-term worries, sorted.
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
16 October 2007
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
NGC raise supply forecast for Winter 07
NGC wakes up to the possibility that Langeled might flow. read more...
26 September 2007
NGC wakes up to the possibility that Langeled might flow. read more...
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