The UK’s gas system was looking comfortable this morning as outages at Norwegian gas fields came to an end, according to the daily market report.
Alongside this, analysts npower’s Optimisation Desk noted the UK gas market opened down this morning while cooler temperatures are forecast.
Alex Guiot, Client Portfolio Manager at npower said: “The curve prices are shifting lower this morning with Norwegian outages ending.”
He added: “The gas system is forecast to close 33 million cubic meters (mcm) long for the moment.”
This length is provided by storage sites injecting much more than usual, he added, around 92mcm.
The power system is also “very comfortable”, with the peak margin forecast to be 11GW, said Guiot.
The UK has seen a “switch in the dominant fuel source” with CCGT (Combined Cycle Gas Turbines) gas plants contributing more to the stack than coal.
CCGT was nominating 48mcm, almost doubling from last Friday when it was 30mcm, he said.
One reason for more gas plants ramping up today is the drop of wind generation to just 800 megawatts (MW), down from 4GW last weekend.