The UK power system looks “incredibly comfortable” today, with a pick-up in wind generation being the main driver, according to the daily market report.
The power margin is not expected to drop below 14GW across the day as wind output is around three times stronger than it was yesterday morning, Tom Matthews (pictured), Client Portfolio Manager at npower said.
The gas system is “still slightly short” but has improved, he added. Gas in the system is expected to drop by around 1% across the day but “it is not seen as significant”.
“The main comfort has come from a drop in within-day demand and LNG flows remain pretty strong”, Mr Matthews added.
LNG is said to be accounting for around 30% of UK’s supply currently.
Mr Matthews went on: “We’ve seen a bit of relief in the near-curve today although we’re not seeing contracts push lower, they are flat on where they closed last night.
“Carbon continues to push higher which will be offering a level of support ahead of the European elections which starts today.”