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Pin to quick picksNational Grid Share News (NG.)

Share Price Information for National Grid (NG.)

London Stock Exchange
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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 -

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Prices inch higher on lower wind, ongoing French disruptions

Wed, 12th Apr 2023 09:36

April 12 (Reuters) - British and Dutch wholesale gas prices rose marginally on Wednesday morning amid an expected drop in wind power generation and as strikes in France continue to impact energy infrastructure operations, including LNG terminals.

The British within-day price was up by 0.50 pence to 102.50 pence per therm by 0820 GMT and the day-ahead contract edged up 0.50 pence to 102.00 p/therm, Refinitiv Eikon data showed.

British gas for power demand is set to rise 19 million cubic metres (mcm) to 45 mcm/day on Thursday to make up for a loss of wind power generation amid lower wind speeds, Refinitiv data showed.

Peak wind power generation is forecast to drop from 18.1 gigawatts (GW) on Wednesday to 12.8 GW on Thursday, according to Elexon data.

However, this will be negated by a 15 mcm drop in demand for heating in Britain, Refinitiv analyst Yuriy Onyshkiv said in a report, forecasting rangebound prices.

Ongoing strike action in France continues to support continental gas prices due to disruptions at import terminals for liquefied natural gas (LNG), he added.

Sendout nominations for French LNG terminal Montoir now indicated a recovery from Saturday, three days later than previously expected, while nominations at the Fos Cavaou terminal showed a seven-day delay to Apr. 19, Onyshkiv said.

The front-month contract at the Dutch TTF hub edged up by 0.23 euros to 43.63 euros per megawatt hour (MWh), Refinitiv data showed.

Europe's gas storage sites were 55.8% full, at the top of the historic range for the time of year, data from Gas Infrastructure Europe showed.

Meanwhile, the European Union is mulling options to forego Russian LNG, which could curb supplies at a time of rising demand.

In the European carbon market, the benchmark contract fell by 0.40 euro to 97.04 euros per tonne.

More News
18 Apr 2023 10:19

Prices mixed on cooler weather and strong LNG arrivals

LONDON, April 18 (Reuters) - British and Dutch wholesale gas prices were mixed on Tuesday as strong arrivals of liquefied natural gas (LNG) reduced the impact of cooler weather forecast for this week and next.

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18 Apr 2023 09:52

LONDON BROKER RATINGS: UBS raises Antofagasta, Fresnillo to 'neutral'

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

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17 Apr 2023 11:11

JP Morgan stays at 'buy' on National Grid highlighting 'solid' balance sheet

(Sharecast News) - Analysts at J.P.Morgan reiterated their 'overweight' recommendation for shares of National Grid in anticipation of increased investor focus on the company's 'solid' balance sheet.

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17 Apr 2023 09:34

LONDON BROKER RATINGS: RBC raises RS Group; Exane raises Kingspan

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

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14 Apr 2023 12:01

LONDON MARKET MIDDAY: Sterling tops USD1.25 on hope of peak Fed rates

(Alliance News) - Stock prices in London were in the green at midday on Friday, while sterling hit a 10-month-high against the dollar, as investors predict the Federal Reserve's rate rise cycle may soon come to an end.

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14 Apr 2023 11:29

National Grid ends year as expected, warns of UK tax impact

(Sharecast News) - National Grid said in an update on Friday that its performance for the financial year just ended was in line with expectations, with underlying earnings per share growth expected to be in the middle of the 6% to 8% compound annual growth rate (CAGR) range.

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14 Apr 2023 10:05

Prices edge down as mild weather, storage offsets lower Norway flows

April 14 (Reuters) - British and Dutch wholesale gas prices eased on Friday morning amid mild weather forecasts and as well-filled storages helped to offset outages at Norwegian production sites.

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14 Apr 2023 09:06

LONDON MARKET OPEN: Stocks edge up; Dechra surges on takeover offer

(Alliance News) - Stock prices in London opened in the green on Friday, following a rally on Wall Street as investors could see the end to the Federal Reserve's interest rate hiking cycle in sight.

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14 Apr 2023 08:25

National Grid expects annual performance to be in line with guidance

(Alliance News) - National Grid PLC on Friday said its performance for the year ended on March 31 was in line with its expectations but expects growth to be at the lower end of guidance going forward.

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14 Apr 2023 07:58

LONDON BRIEFING: Dr Martens to miss guidance; Hays sees record fees

(Alliance News) - Stocks in London are set to follow New York into the green, as hopes of a potential pivot from the Federal Reserve boosted sentiment.

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13 Apr 2023 10:56

Prices edge down on healthy supply

LONDON, April 13 (Reuters) - British and Dutch wholesale gas prices edged down on Thursday morning on healthy supply.

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6 Apr 2023 10:51

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

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.

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5 Apr 2023 17:01

LONDON MARKET CLOSE: Risk-off mood prevails but FTSE 100 outperforms

(Alliance News) - Stocks in London closed largely lower on Wednesday, while the FTSE 100 ended in the green thanks to a solid performance from utility and pharmaceutical stocks.

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5 Apr 2023 09:38

UK prices fall on lower consumption, ample supply

LONDON, April 5 (Reuters) - British wholeale gas prices fell on Wednesday morning on lower consumption and ample supply, while Dutch prices were largely flat as uncertainty around French nuclear output continued.

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