Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNational Grid Share News (NG.)

Share Price Information for National Grid (NG.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 882.60
Bid: 884.60
Ask: 885.00
Change: 3.20 (0.36%)
Spread: 0.40 (0.045%)
Open: 885.00
High: 891.20
Low: 881.00
Prev. Close: 879.40
NG. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Prices decline as healthy supply offsets lower French LNG send-out

Thu, 06th Apr 2023 10:51

LONDON, April 6 (Reuters) - British and Dutch wholesale gas prices declined on Thursday morning as healthy supply and low demand offset a decline in liquefied natural gas (LNG) send-out from France.

The front-month contract at the Dutch TTF hub was down 2.20 euros at 44.00 euros per megawatt hour (MWh) by 0946 GMT, while the May contract dipped by 0.90 euro to 44.60 euros/MWh, Refinitiv Eikon data showed.

The British weekend price was 4.00 pence lower at 103.50 pence per therm, while the contract for working days next week fell by 9.25 pence to 104 pence/therm.

Norwegian and UK pipeline supply are expected to be strong into next week, despite an expectation of lower flows through the Langeled pipeline due to maintenance in Norway.

"We don't expect a lot of market movement today based on the current market fundamental picture and the fact that Europe going on a long Easter break from tomorrow," said Refinitiv gas analyst Yuriy Onyshkiv.

Analysts at Engie EnergyScan added that a gradual rise in temperatures and renewable generation is also bearish.

French unions have announced extensions to strike action which will affect the send-out of LNG at French terminals but most of the impact is over the long Easter weekend from April 7-10 when energy demand should be lower.

North-west Europe local distribution zone demand, mainly used in heating, is forecast to drop by 1,100 gigawatt hours per day (GWh/d) which should offset the effects.

Fluxys has declared force majeure at the Dunkirk LNG terminal due to expected disruptions from Thursday morning to Friday morning, the company said in a bulletin.

The terminal will have its delivery capacity reduced to 70 GWh/d for 24 hours as a result of the strike action against the government's pension reform, the bulletin said.

Strikes at Montoir and Fos LNG terminals have been extended until the evening of April 11.

In the European carbon market, the benchmark contract inched up by 0.62 euro to 97.25 euros a tonne.

(Reporting by Nina Chestney)

More News
18 Jun 2024 09:28

LONDON BROKER RATINGS: Redburn lifts Paragon Banking to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
13 Jun 2024 17:12

London stocks lose steam after Fed's rate cut outlook; Halma jumps

FTSE 100 down 0.6%, FTSE 250 off 1.5%

*

Read more
12 Jun 2024 18:30

IN BRIEF: National Grid says buyers secured for rights issue rump

National Grid PLC - London-based electricity and gas utility company - Says buyers have been found for remaining 97.7 million shares under the GBP7.00 billion rights issue for which valid acceptances were not received at a price of 835 pence per share. Notes this equates to around 9% of the shares issued under the rights issue. Earlier Wednesday, National Grid said it received acceptances from shareholders for 987.4 million new shares, 91% of the total on offer in the 7-for-24 rights issue. The rights issue price was 645p per share, meaning the acceptances are worth GBP6.39 billion.

Read more
12 Jun 2024 09:15

LONDON BROKER RATINGS: Goldman Sachs raises National Grid to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Read more
12 Jun 2024 08:47

TOP NEWS: National Grid gets 90% acceptances for GBP7 billion raise

(Alliance News) - National Grid PLC on Wednesday said it received acceptances for more than 90% of the new shares on offer as part of its GBP7.00 billion rights issue.

Read more
12 Jun 2024 07:49

LONDON BRIEFING: Stocks called up; UK economy comes to halt in April

(Alliance News) - Stocks in London are called to open higher on Wednesday, as investors shake off news that the UK economy stalled in April.

Read more
6 Jun 2024 17:02

London stocks close higher on miners boost; ECB cuts rates

FTSE 100 up 0.5%, FTSE 250 adds 0.2%

*

Read more
3 Jun 2024 09:23

LONDON BROKER RATINGS: Berenberg raises Ricardo; Goldman cuts LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
3 Jun 2024 07:54

Citi upgrades National Grid, cites attractive risk/reward

(Sharecast News) - Citi upgraded National Grid on Monday to 'buy' from 'neutral' and lifted the price target to 985p from 920p as it cited an attractive risk/reward.

Read more
31 May 2024 17:24

London stocks end higher for third month

FTSE 100 up 0.5%, FTSE 250 gains 0.3%

*

Read more
31 May 2024 16:57

LONDON MARKET CLOSE: FTSE 100 rounds off decent May with gain

(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line with expectations.

Read more
31 May 2024 10:34

Jefferies reiterates 'buy' on National Grid, trims price target

(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.

Read more
31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
30 May 2024 17:24

London stocks recover as yields retreat; Auto Trader hits record high

FTSE 100 up 0.6%; FTSE 250 climbs 1.2%

*

Read more
30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.