The power system in the UK continues to be well supplied, according to npower’s daily market report.
Wind generation “remains healthy” at 5.5GW although it is below current forecast levels of 6.7GW.
It is expected to remain around that level until tomorrow when it dips slightly to around 4GW, Sarah Astley from the optimisation desk said.
She added imports via the interconnectors “remain stable” totalling 2.5GW however the restart of a nuclear reactor in France has been delayed by nearly a week which could result in lower imports from France.
Looking at the gas system, she said it is “roughly balanced” as temperatures remain above average which is reducing the demand for heating.
Gas demand for power generation is also reduced as healthy levels of wind generation continue.
Ms Astley said: “On the supply side, Langeled flows are in line with yesterday at 56mcm as are LNG flows at 37mcm, with three tankers due to arrive in the UK by the end of the week. After some volatility yesterday, imports from Holland via the BBL have ceased today.”
She added oil has seen “a touch of weakness this morning”, currently trading towards $47/bbl (£31/bbl)
“Chinese CPI data released this morning was below expectations which again raises concerns over the economy of the world’s second largest oil consumer. Investors await this week’s crude inventory data with unofficial data due this evening, with most analysts expecting a further stock build,” Ms Astley said.