The UK’s peak power margin is comfortable today below 13GW, according to npower’s daily market report.
Gas-fired generation is at 17GW, providing 52% of the energy mix and nuclear production is at 8.5GW, contributing 26% of the stack.
However, wind generation is below 1GW and coal is more than 2GW.
Sam Hill from the Optimisation Desk said: “The French interconnector is at full import capacity and the Dutch at 60%, with some small imports from the East to West interconnector.”
The gas system is undersupplied below 13mcm as the outage at the Heimdal plant still continues and exports through the UK interconnector are at 47mcm.
Mr Hill added: “Any support to the system is coming from South Hook LNG send-out at 25mcm as there are no withdrawal nominations from mid-range storage sites.”
Brent oil is currently trading at $47.26/bbl (£35.4/bbl).
Mr Hill added: “As revised forecasts suggested the US crude inventories declined yesterday by 2.3 million barrels. This did provide some bullish movement in oil prices, however the continuing strength of the dollar, making dollar based commodities more expensive and less attractive to investors weighed on sentiment, sending prices back down.”