The UK gas system is slightly oversupplied again today, according to npower’s daily market report.
The linepack is forecast to close 2mcm long despite higher temperatures driving demand up.
Total domestic demand has picked up to more than 195mcm today although temperatures are still around 3°C above normal.
Tim Carter from npower’s Optmisation Desk said: “We are expecting UK temperatures to dip further tomorrow and through the weekend.
“[This] will push domestic demand up to around 210mcm on Saturday.”
The length in the system is also due to the increase in flows from Norway as Langeled pipeline nominations are currently just below capacity at 70mcm, which started yesterday afternoon.
The peak power margin remains in line with yesterday at more than 10GW due to more strong winds.
Generation from UK wind assets is currently at 5.5GW which is below expectations of nearly 7GW.
The Interconnexion France-Angleterre (IFA) interconnector maintenance has been revised again today with capacity now reduced to 1250MW until Saturday.
Current flows through IFA are zero and small exports to France are expected during the day before switching to full import mode once the UK moves into its peak demand hours after 5pm.
The price of oil has dropped to $40.5 a barrel (£26/Bbl). That’s due to continued global oversupply and a weaker US dollar weighing on prices.
The pound is currently worth €1.40.