Daily Energy Market Report Tuesday 12th March 19. The UK has opened with a long system on Tuesday morning, 11.2mcm long with demand set at 267.5mcm, 10mcm above seasonal average.
LDZ demand is at 211.9mcm for today but CCGT demand has again fallen due to the high winds witnessed in the UK.
Total CCGT demand is 38.5mcm, down from 43mcm on Monday helping to keep the length in the UK system.
Flows from Langeled have fallen again down to 47mcm, 15mcm lower than the start of last week.
UK temperatures are set to climb, peaking on Friday before the weekend, reaching 4°C above seasonal norms, before dropping to start the working week on Monday.
Higher wind generation is expected for the remainder of the week with Storm Gareth expected to bring strong gusts through to Friday morning.
The House of Commons are set to vote on Theresa May’s second Brexit deal at 7pm later with volatility in FX expected.
The GBP has already lost ground falling from 1.1700 to 1.1556 in the build-up.
A weaker Pound against the Euro will see prices lift on the back of the NBP market.
Daily Energy Market Report Tuesday 12th March 19 brought to you by British Utilities