The UK will have to rely on generation from gas-fired power plants this week to fill the void of wind energy.
According to the latest update on the energy market from npower, the UK is not expecting a lot of wind generation, however, the amount of nuclear power is predicted to rise with the return of Hinkley Point B.
The gas supply situation is forecast to remain “comfortable” this week with the continuation of “warm mild temperatures, the return of Norwegian flows and an improving Liquefied Natural Gas (LNG) outlook”, with three tankers expected in the UK, said Ben Spry, Optimisation Desk Manager at npower.
With the US in a budget battle over its debt ceiling – which is a limit imposed by Congress on how much debt the country can carry at any given time – Mr Spry suggests keeping a look out for what happens.
He added: “A lot of the discussion will be around the US debt ceiling and the imminent Government shutdown and the impact that could have so keep an eye on that situation. Additionally, there is further data out of the US this week on manufacturing and jobs so do keep an eye out on that as that could dictate price direction on the far curve.”