Tuesday 27 September 2016

Power system comfortable – DMR

Power system comfortable – DMR

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

The peak power margin is expected to be 12GW.

Wind is forecast to reach 7GW, gas-fired generation is providing below 50% of the stack while nuclear is contributing 24% of the energy mix.

The Dutch interconnector is importing at near capacity levels and the French one is on export mode.

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The gas system is forecast to close 5mcm oversupplied.

Sam Hill from the Optimisation Desk said: "Demand is expected to out-turn 6mcm over seasonal normal levels, which could provide some upside risk to prompt prices during the day."

Brent oil is currently trading at $46.92/bbl (£36.12/bbl).

Mr Hill added: "Oil halted gains after two days of price swings as investors weigh the chances of OPEC reaching an output deal to stabilise markets when the group meets on Wednesday in Algiers."

Written by

Bruna Pinhoni

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