LONDON: Prompt natural gas prices in Britain slipped on Monday as mild weather curbed consumption and strong wind supply helped to ease demand.
The price for within-day delivery was down by 0.45 pence at 51.75 pence per therm at 0943 GMT.
The gas system was close to balanced, less than one million cubic metres (mcm) oversupplied, with flows forecast at 233.7 mcm/day and demand at 233.4 mcm, National Grid data showed.
Demand remains below a seasonal norm of around 273 mcm.
"Consumption remains significantly below season norms due to mild temperatures and healthy wind power production," Thomson Reuters Point Carbon analysts said.
Noting nominations on the Langeled pipeline were down at 63 mcm, the analysts added: "We expect Langeled to pick up alongside consumption in the latter part of the week and into the start of 2015."
Meteorologists forecast lower but still above-normal temperatures for the week while National Grid data showed wind power generation of more than 5,000 megawatts.
Day-ahead TTF gas was down 0.15 euros at 22.15 euros per megawatt hour.
In Europe's carbon market, benchmark EU Allowances (EUA) were steady, up 0.02 euros at 7.18 euros per tonne.
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