Supply & Demand

Tightening market bumps up NPB day-ahead price

UK prices have been buoyed by strong demand and problems with supplies, but are expected to come under pressure later this week UK prices have been buoyed by strong demand and problems with supplies, but are expected to come under pressure later this week.
By Catriona Scott 3 May 2017 0 25729

Strong demand and problems with supplies have supported UK gas prices. The NBP day-ahead rose to 43.2 p/th on Tuesday, higher than it has been since early March. Below-average temperatures in much of the UK have pushed up weather-related gas consumption. This has provided demand-side support for prices, a situation that is expected to continue on Wednesday. UK demand is forecast to be around 6% above seasonal norms, according to National Grid.

Supply-side issues are also supporting prices. Unplanned outages at the Kollsnes plant and the...