The UK gas system has opened oversupplied this morning, according to npower’s daily market report.
The linepack is forecast to close 15mcm long.
Demand remains lower than seasonal normal levels and is being suppressed by warmer temperatures which are almost 2°C above what was predicted.
Alex Guiot from npower’s Optimsation Desk said: “These mild temperatures prevail across the continent as Icelandic low pressure in the Atlantic sends warmer southerly flows or air our way.”
Flows through the Norwegian pipeline Langeled and the Dutch Balgzand Bacton Line remain steady at 52mcm and 22mcm respectively.
The UK’s Interconnector is exporting less than yesterday at 13mcm which reflects the drop in demand.
The peak power margin remains strong at more than 11GW.
The French interconnector is currently exporting to the continent but this is slowly reducing. It is expected this will be imported back to the UK later in the day.
The Dutch interconnector is importing at its full capacity of around 1GW. There has been a decrease in wind generation to 4.6GW which accounts for 11.5% of stack. CCGT is currently generating 13GW.
Oil prices remain low at $40.66 a barrel (£27/Bbl).