PPA and Green Gas Markets edge higher this morning.
- Shipping data shows reduced LNG cargoes into European import terminals over the last week.
- Pipeline gas supply has also reduced, with some small production issues in the Norwegian sector.
- On the demand side, temperatures across northwest Europe are set to dip after a period of mild weather.
- Gas storage sites are near 83% full.
- Today, Wind generation in the UK is delivering 52% of the demand requirement.
- UK system power prices over the last 24 hours have been between negative (pay to export) £10 MWh and positive £90 MWh.
Update 4/11
Reduced gas supply and revised weather model outlook continue to support pricing.
- PPA Markets + 2.5%
- Green Gas + 3.25
Update 5/1
- PPA Markets 3% Lower
- Gas Down 2.75%