Monday, December 05, 2005

Independent Energy Scrutiny Panel - budget success - gas day 4th December

We don't have the details yet, but it appears that two IESP proposals to improve imports have been accepted in the budget statement. One relating to Use It or Lose It (UIOLI) at Isle of Grain and the other relating to the Interconnector.

It remains that the market is acting in a perverse manner although about 39 mcm of gas was in fact stored over the weekend (the original figure of 120 for Saturday was a typo sadly). The country is, however, reverting to taking gas out of storage on Monday/Tuesday.

Demand on Saturday was 308 and Sunday 315. That says it all really. Demand on coldish days has been more like 370 mcm.


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