Monday 25 April 2016

Power margins comfortable – DMR

Power margins comfortable – DMR

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

It is under 12GW and wind is generating 3GW although it is expected to pick up later today to 6GW.

Sam Hill from the Optimisation Desk said: “This would ease the reliance on CCGT generation which is around 20GW, making up 53% of the stack with coal generation under 3GW.”

The French interconnector is importing below half its capacity and the Dutch one under 1GW.

The gas system is forecast to be more than 14mcm long.

That’s despite demand 72mcm higher than seasonal normal levels.

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Mr Hill added: “This is reflected by the below normal temperatures, set to remain cooler this week before picking up in May.”

Flows through the Langeled pipeline are at 34mcm and those via the Dutch BBL are under 12mcm.

Mr Hill went on: “The length in supply is being aided by storage withdrawals with Rough withdrawing just over nominations at 21mcm and mid-range Aldborough withdrawing at 16mcm. We have two new LNG tankers scheduled to dock on the 29th of April and the 1st of May at South Hook. LNG send-out is currently under 37mcm.”

Brent oil is currently trading at $44.7/bl (£30.8/bbl)

Written by

Bruna Pinhoni

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