LONDON: British wholesale gas prices mostly rose on Monday due to slight undersupply in the market and higher demand from power plants on expectations of a dip in wind power.
* Within-day gas price up 1.05 pence at 28.30 pence per therm by 0752 GMT.
* Day-ahead gas price up 0.50p at 28.50 per therm.
* Traders said lower imports from Norway had left the British gas market undersupplied, while expectations of weaker output from the country's wind farms buoyed gas demand from power stations.
* Imports from Norway through the Langeled pipeline were expected at 57 mcm on Monday, down 16 mcm from the previous day.
* UK Gas system slightly undersupplied by 3.6 million cubic meters (mcm) with demand forecast at 180.2 mcm and flows at 176.6 mcm/day, National Grid data showed.
* Peak wind power generation is forecast at 6 gigawatts (GW) on Monday, falling to 3.2 GW on Tuesday.
* "Gas for power consumption is forecast at 67 mcm/d today slightly higher from 63 mcm/d on Friday," analysts at Refinitiv said in a daily research note.
* Further out on the curve prices also rose.
* July contract up 0.25p at 27.70p/therm.
* September contract up 0.70 at 32.20 p/therm
* Day-ahead gas price at the Dutch TTF hub down 0.30 euro at 10.00 euros per megawatt hour.
* Benchmark Dec-19 EU carbon contract up 0.41 euro at 25.71 euros per tonne.
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