Thursday 7 April 2016

Power margin comfortable – DMR

Power margin comfortable – DMR

The UK power margin is comfortable, according to npower’s daily market report.

The peak margin is forecast more than 12GW.

Wind is generating 12% of the energy mix but is forecast to be around 1GW today.

Gemma Bruce from the Optimisation Desk said: “This means we will see an increase in gas-fired generation tomorrow which may see some support to the prompt contracts.”

The gas system is undersupplied with the linepack forecast to close 5mcm short.

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Ms Bruce added: “Demand has picked up slightly amid slightly cooler temperatures and an increase in exports to Belgium through the IUK pipeline. In response to this, we have seen a small amount of withdrawals from medium range storage sites and may see further increases across the day to bring the system to balance.”

Flows from Norway and the Netherlands are at 49mcm and 12mcm respectively.

LNG send-out is at 43mcm.

Ms Bruce went on: “We have seen a slight slowdown in the number of tankers heading to the UK due to Qatari maintenance but the system has been coping well due to the high levels of pipeline flows we have been receiving.”

Brent oil is trading at $40/bbl (£27.6/bbl).

Written by

Bruna Pinhoni

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