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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.

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3 Apr 2023 10:08

Prices edge up on colder weather, lower wind

LONDON, April 3 (Reuters) - British and Dutch gas prices rose on Monday morning as colder weather forecasts and lower wind speeds increased demand and market players remained concerned over hydro levels ahead of summer.

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31 Mar 2023 09:41

Prices edge up on cooler temperatures, lower wind speeds

LONDON, March 31 (Reuters) - British and Dutch gas prices edged higher on Friday morning as forecasts for cooler temperatures and lower wind speeds led to expectations of higher demand in the coming days.

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29 Mar 2023 10:02

Prices rise on colder forecasts, speculative buying

LONDON, March 29 (Reuters) - British and Dutch wholesale gas prices rose on Wednesday morning as forecasts showed colder weather in Europe from the end of the week and concerns about higher Chinese demand fuelled buying activity.

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28 Mar 2023 10:48

Prices fall on milder temperatures, stronger wind forecasts

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27 Mar 2023 09:55

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LONDON, March 27 (Reuters) -

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24 Mar 2023 09:47

Prices rise on firm demand and French strikes

LONDON, March 24 (Reuters) - British and Dutch wholesale gas prices rose on Friday morning due to firm demand and as industrial action affected operations at French nuclear plants and liquefied natural gas (LNG) terminals.

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22 Mar 2023 11:24

Prices mixed as French strikes continue

LONDON, March 22 (Reuters) - British wholesale gas prices declined on Wednesday morning on over-supply, while Dutch prices were mostly range-bound as strikes in France continue to affect liquefied natural gas (LNG) terminals and reduce nuclear power capacity.

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21 Mar 2023 10:28

Dutch benchmark rebounds but storage refill caps gains

March 21 (Reuters) - Europe's benchmark gas contract rose marginally on Tuesday morning from a 19-month low on Monday, but gains remain capped as several European countries started to refill storage following a mild winter.

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20 Mar 2023 09:48

Dutch benchmark hits 19-month low on strong winds and milder weather

LONDON, March 20 (Reuters) - Europe's benchmark gas contract hit its lowest for 19 months as expectations of strong output from wind farms and milder temperatures curbed demand.

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15 Mar 2023 17:16

Britain considers coal power back-up for next winter - National Grid

LONDON, March 15 (Reuters) - Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday but plant operators said they are unlikely to be able to meet the request.

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15 Mar 2023 12:05

Britain considers coal power back-up for next winter

LONDON, March 15 (Reuters) - Britain is considering keeping some coal plants available for back-up power to ensure sufficient electricity supplies for next winter, National Grid said on Wednesday.

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