Tuesday 2 June 2015

Gas system tightens – DMR

The gas system has tightened, according to npower’s daily market report.

This is mainly due to an increase in exports through the Interconnector and a slight decrease in Norwegian imports through the Langeled pipeline.

LNG sendout has increased and CCGT demand has dropped.

Good wind feed-in is helping lower the call on conventional generation, with wind producing 5GW and expected to peak at almost 7GW today.

Steven Walker from npower’s optimisation desk said: “Solar feed-in is lower at the start of the week although it is set to replace wind generation and is forecast to increase to over 5GW at peak by Thursday.”

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Both the French and Dutch interconnectors are importing to the UK at maximum capacity.

Mr Walker added: “Greece has been authorised to wrap up payments for June by the end of the month.”

The oil market is currently trading at $65 a barrel (£42.68/Bbl).