The UK gas system is balanced, according to npower’s daily market report.
The linepack is forecast 0.7mcm short.
Alex Guiot from npower’s Optimisation Desk said: “We have seen total demand drop to 245mcm including export nominations through the Interconnector down to 26mcm currently, with LDZ [Local Distribution Zone] consumption also lower at 135mcm.”
Langeled flows are currently at 53mcm and LNG supply is also “healthy” at 57mcm, according to Mr Guiot.
He added: “We do have three tankers on their way to UK shores by next Monday which would support these send-out levels a bit longer but the spread between NBP [National Balancing Point] and JKM [Japan Korea Marker] has widened in the last few days as UK gas prices have edged lower so it may not last indefinitely.”
On the power system peak margins are at 7.5GW.
Wind is generating under 2GW and coal has picked up to more than 11.5GW.
CCGT is producing 14GW and nuclear stands at 8GW, said Mr Guiot.
Oil is trading at $49 per barrel.