UK Gas prices this morning have risen on the back of the return of IUK, ongoing unplanned outages and higher Oil prices.
The NBP system has opened balanced this morning, with demand pegged below seasonal normal. The end of Interconnector maintenance has seen IUK exports return with nominations of around 44mcm, this removes surplus supply from the UK.
The SEGAL outage continues, and Langeled flows are currently down, creating tight system dynamics and adding support to prices.
Oil prices have risen this morning, following a decline in US Gasoline inventories.
UK Power prices have also risen this morning, on the back of drops in wind generation and Oil prices.
Wind generation has begun its decline this morning, as temperatures are set to get warmer over the weekend and in turn solar levels increase.
Oil prices have increased this morning on the back of falling US gasoline inventories. This in turn is providing support for the Power curve.
UK Gas prices have increased this morning on the back of IUK coming back online, unplanned maintenance and higher Oil prices, this has defined a trend for Power to follow.
Dutch and French Gas prices have increased this morning, however more of a minimal movement than the UK Gas prices.
Over the next couple of weeks, LDZ consumption on the continent is expected to remain above seasonal normal, offering support to the curve. The west of Europe is expected to remain colder.
Oil prices have seen an increase this morning, following the release of reports stating US gasoline inventories are falling.
The ongoing outages at SEGAL and other plants are continuing to pressure European prices.
Dutch and German Power prices have risen on the back of weak wind generation levels and rising Oil prices.
Oil prices have risen this morning (over $1 above yesterdays close), on the back of falling US Gasoline inventories adding pressure.
Wind generation levels have become weaker this morning and are expected to get more so over the weekend, as temperatures warm up. Solar generation levels are set to rise.
Their Gas counterparts have risen this morning following increased demand, supply issues and rising Oil, therefore offering support to prices in an upward direction.