Daily Energy Market Report Tuesday 16th April 19. The UK has opened short this morning, with supply currently 5mcm below demand.
Total demand for the UK has lifted by 5mcm day on day to hold 248mcm, 31mcm above seasonal norms.
The increase in demand has been largely driven by a 20mcm increase in gas burn for power on reduced wind generation and supply has been reduced via Langeled.
Langeled flows dropped on Monday afternoon and again this morning, with total flows at 47mcm currently, 8mcm below the 30-day average and well below the capacity we witnessed through February (74mcm).
There is planned maintenance on St Fergus processing plant, removing 13mcm from system for 13 days, which began on Friday 12th April.
The UK continues to export at a rate of 28mcm through the IUK before summer maintenance begins on 21st April.
Temperatures and solar radiation is expected to significantly increase from today and this is likely to reduce demand on the UK system over the Easter weekend, despite a fall in wind generation.
Coal prices shed value on Monday on the back of bearish demand outlook as milder weather and strengthening currency.
Daily Energy Market Report Tuesday 16th April 19 brought to you by British Utilities