The UK has seen poor wind generation, according to npower’s daily market report.
That’s led to CCGT picking up to cover the shortfall, generating 19GW and making up 58% of the stack.
Nuclear generation is at 7.5GW, the second biggest contributor at 23% and solar production is also strong.
The French and Dutch interconnectors are both importing at half their capacity – just below 1GW and 500MW respectively.
The gas system opened “a touch undersupplied” with the linepack forecast to close roughly 3mcm short. Norwegian flows through the Langeled pipeline are around 12mcm.
Gemma Bruce from the Optimisation Desk said: “Following renewed concern over the UK’s decision to leave the EU, many investors have shifted their attention to safer areas like gold and the yen. This has seen oil holding onto its losses, currently valued at $48.20/bbl (£37.2/bbl). The retreat in prices is also pushed by an increase in producers returning to oil rigs in the US. US inventory data due out at 4pm later today will provide further momentum depending on the outcome.
“The pound fell further this morning but has recovered back to the reduced levels seen yesterday following the Bank of England melancholy outlook. The pound is currently valued against the dollar and euro at $1.293 and €1.169 respectively.”