Monday, January 25, 2010

Colder weather again

The weather does not look cold enough as yet to challenge the energy system (although it may do some harm to prices).

What should be noted over the past week or so, however, is how little gas has been reinjected into storage.

Demand has been as low as 352 mcm/d, but non storage supply has gone down as well. Hence there has been only 326 GWh reinjected into MRS. That's only just over 30 mcm.

It is the interrelationship between storage and weather that is particularly problematic. On an aggregate basis the country resorts to stored gas too quickly.
Some needs to be kept firstly to cope with infrastructure failure and then secondly for high demand.


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