Wednesday 27 April 2016

Peak power margin tight – DMR

Peak power margin tight – DMR

The UK’s peak power margin is tight at 9.5GW, according to npower’s daily market report.

That’s because wind production has fallen to 2GW and is forecast to keep dropping during the day.

Sam Hill from the Optimisation Desk said: “This will see gas-fired power generation increase, adding to the demand on gas supply which is currently generating 20GW and making up 53% of the stack. Like yesterday the French interconnector is importing half of its capacity and the Dutch one is importing just under full capacity.”

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Gas prices have opened "softer" than last night's close. The system is oversupplied and forecast to close 4mcm long despite demand.

Langeled flows are at 37mcm and those through the BBL pipeline are below 20mcm.

Mr Hill added: “There is an outage at the Rough storage facility. A cut to Rough storage flows has also been extended to the 28th of April. South Hook LNG send-out is comfortable at 48mcm with the Tembek tanker due to dock there today.”

Brent oil is trading above $46/bbl (£31.7/bbl).

Written by

Bruna Pinhoni

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