Gas
Bullish supply and demand fundamentals (including reduced imports from the Netherlands and a fall in UKCS flows) have not prevented prompt prices from falling slightly today. The system is currently 30mcm / day in deficit, but demand is below seasonal norms as temperatures remain mild. Day Ahead is currently offered at 55.75p / therm, a fall of 0.05p / therm from last night’s close. The front month has also fallen 0.34p / therm from its previous settlement as two LNG shipments are due to dock in the UK tomorrow. Summer ’15 is offered at 52.25p / therm, a fall of 0.12p / therm from last night’s close.
Power
A mixed picture has emerged today as bullish and bearish fundamentals compete for dominance. Outages at a number of gas-fired generation plants and at Torness 2 nuclear plant have been largely balanced by an upturn in wind generation and the scheduled return of the Dungeness B-21 nuclear reactor. The front month contract has lost 15p / MWh in trading, whereas Jan ’15 has gained 19p / MWh. Day Ahead is offered at £49.85 / MWh, and Summer ’15 is offered at £48 / MWh.
Latest News
Latest news
03/12/2021ESOS Phase 3 deadline – Dates for your diary
The next key date in the diary is 31st December 2022. If your company meets the conditions for ESOS on that date, you must comply.
10/11/2021COP26 – First week pledges coming from the climate conference
As the highly anticipated COP26 climate conference enters its second week, we look back at the key pledges and commitments that have been published so far.
03/11/2021Trident shortlisted for seven TELCA 2021 awards
We are delighted to announce that Trident Utilities has been shortlisted in seven categories at The Energy Live Consultancy Awards (TELCA) 2021.
See how much we could save you
Please call our team on 0345 634 9500 or email us at info@tridentutilities.co.uk.
