* Consumption sharply up-analysts
* Day-ahead at 57 p/therm, highest since March 26, 2015
* Demand 26 mcm above seasonal norm
LONDON, Jan 12 British day-ahead prices reached
their highest level since March 2015 on Thursday, as low
temperatures for the next few days prompted more demand for
Gas for day-ahead delivery was up 1.80 pence at
57.00 pence per therm at 1120 GMT, its highest level since March
Gas for immediate delivery was 1.80 pence
higher at 56.00 pence per therm and the weekend contract
was 2.00 pence higher at 56.40 p/therm.
"Consumption is forecast up sharply for most contracts,"
said Francois Flament, analyst at Thomson Reuters.
Temperatures are forecast at a maximum of 7 degrees Celsius
on Thursday in southeast England, with snow likely in the
evening and falling to a minimum of -4 degrees Celsius
overnight, the Met Office said.
Temperatures are then seen at a maximum of 5 degrees on
Friday and there could be slightly milder conditions at the
weekend, it added.
Demand was around 26 million cubic metres (mcm) above the
seaonal norm, National Grid data showed.
The system was actually oversupplied by around 16 mcm on
Thursday, with flows forecast at 345 mcm and demand at nearly
Import flows through the InterconnectorUK (IUK) pipeline
were up sharply, and Norwegian and UK Continental Shelf supplies
"IUK is expected to remain within a corridor of 20 to 40
mcm/d while the BBL pipeline (from the Netherlands) is forecast
to go up to 25 mcm/d when demand is at its highest," Flament
In the Netherlands, the day-ahead gas price at the TTF hub
was 0.55 higher at 21.00 euros/MWh, its highest
level since the end of July, 2015.
In the European carbon market, the benchmark Dec. 17
contract was 0.23 euro lower at 5.30 euros a tonne.
(Reporting by Nina Chestney)