The gas system operator has issued a Gas Deficit Warning, asking for bids to reduce gas demand as it is predicting a shortfall at the end of the day.

The warning was issued at 5.30AM in response to a series of significant supply losses, resulting in a forecast end of day supply deficit. Market players have responded to the call, but meanwhile National Grid has revised upwards its estimate of likely total demand for the day – the day’s usage was predicted at 395mscm at 6AM but by 10AM that had risen to 401.8mscm.  Seasonal average is 301mscm.