The price of power and gas is down, according to npower’s daily market report.
This is due to a fall in demand as plenty of supply is available despite an increase in exports through the Interconnector at 35mcm.
CCGT demand has fallen to around 30mcm.
Wind generation is 1GW below forecast and solar generation is forecast at just 3GW.
All four interconnectors are importing to the UK.
Brent oil “has eased” after a strong week of gains driven by inventory draws and escalating violence in Iraq.
Yesterday Greece announced it might default on its debt in June, however it now expects to make progress in the next 10 days to secure funding for its payment schedule.
“Pensions, labour reforms and budget targets have all been sticking points in releasing up to €7.5 billion (£5.4bn) in aid.”