The gas system is oversupplied this morning, according to npower’s daily market report.
The linepack is currently forecast to close more than 12mcm long despite strong demand.
Gemma Bruce from npower’s optimisation desk said: “With temperatures below seasonal normal and gas-fired generation dominating the power stack, demand is 19% above seasonal normal levels today.”
However, healthy LNG send-out and strong Norwegian flows are helping to compensate for the increased demand.
Ms Bruce added: “Norwegian production was affected by unplanned outages at the weekend with the UK taking the brunt of the reduced flows. However they turned out to be short-lived and Norwegian exports to the UK are higher than Friday’s levels.”
The power system’s peak margin is more than 12GW with wind generation “reasonably healthy”, currently at 2.7GW.
Forecasts suggest it will remain around this level for the next couple of days which will help compensate for very low coal generation, currently at just 5.5GW.
Imports from the continent continue to be in the direction of the UK at full capacity.
Oil is currently trading at $54.6 a barrel (£35/Bbl).