Wednesday, January 06, 2010

Thursday looking close for Gas Balancing Alert

As at 13.05 the GBA trigger for Thursday is 461.20 and the forecast demand is 459.6.

The problem is, however, that the current estimate for Non-storage supply (NSS) is slightly higher than the NSS actually is.

The system will cope because there remains some storage with less than 2 days supply that can be used (as well as the linepack).

However, the system is facing a severe challenge. I have tabled a motion to get the government to have a serious and urgent review of the use of stored gas. However, they are in a bit of an internal crisis at the moment so I am not sure they will give this the appropriate attention.


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