Friday 24 October 2014

Wind generation to peak over weekend – DMR

A dip in wind power today is set to reverse over the weekend, according to npower’s daily market report.

Gemma Bruce, Client Portfolio Manager at the supplier’s Optimisation Desk said: “Wind generation has dipped to 2.1gigawatts (GW) this morning.”

Looking ahead, she added: “It is expected to peak over the weekend at over 7GW before tailing off next week to around 3GW for much of the week.”

[youtube url="https://www.youtube.com/watch?v=4JMyTlXwhOs" width="575" height="323"]

Today’s wind slip means more gas fired power plants have roared into action: “Gas… is currently contributing around 38% to the UK generation stack, followed by coal at around 33%.”

A predicted fall in demand for gas and power next week has seen prices begin lower, said the analyst: “UK power and gas markets opened lower this morning as prompt fundamentals begin the day softer.

"[This was] led by a lower 30-day demand forecast across the entire horizon by 10 million cubic meters (mcm) per day.”

The price of Brent crude oil held fairly steady at around $86 per barrel, added the analyst.