PPA and Green Gas Markets start the week lower.
- Bearish weather outlook signals muted demand ahead.
- Gas flows to US LNG export terminals ramped up to near record highs.
- Norwegian and UKCS gas flows are strong, with some small net withdrawals from storage in Europe.
- European and UK wind generation performance continues to be strong.
- UK wind is at 15GW this morning, which is delivering around 50% of the UK’s demand requirement.
Again, we have seen negative (pay to export generation) to flat power pricing in the UK through yesterday and into today.