Lower demand in the coming days should help supply levels improve after a slight fall on Wednesday. The UK gas system opened long while Belgian flows were still at zero although Norwegian, Langeled and BBL flows were healthy.
Spot prices went up yesterday as wind generation was forecast to decrease but near-term prices continued to make losses. Wind generation is expected to improve over the weekend but will be limited next week and nuclear generation will remain lower until Tuesday.
Spot prices went down yesterday following an increase in wind generation and a slight improvement in nuclear availability. Exchange prices were considerably lower than OTC prices and the cooler weather in France led to near-term contracts making a loss.
Spot prices fell slightly yesterday with improved renewable energy production the main driver of prices; with wind and solar capacities going up by 4GW. The UK gas system opened long this morning and NTS demand is expected to be lower in the next few days and supplies should remain healthy as a result.
Renewable energy production is expected to fluctuate in the next few days but thermal supplies should see an increase. The price of coal has dropped slightly and a decrease in near-term power prices has led to lower year-ahead prices.