The UK’s power demand is softer today compared to yesterday, according to npower’s daily market report,
It is also expected to keep falling during the week.
Demand is forecast to reach around 37GW later today and solar and wind generation are expected to increase to 3.8GW and 3GW respectively.
Amardeep Ubhi from the Optismisation Desk said: “Wind has been out turning short of National Grid’s latest forecast though it is currently supplying 8% of the supply stack. The majority of the stack is supplied by CCGT with 52 % while nuclear is supplying 25%.
“Power was being exported to France for a short period this morning though by late afternoon it is anticipated that there will be 2GW of imports into the UK. The Dutch interconnector should also be importing at full 1GW capacity into the UK this evening.”
The gas system is 22mcm short despite increased flows from St Fergus.
Mr Ubhi added: “The undersupplied system is as a result of soaring demand. Despite this, gas prices have come off this morning compared to last nights close and power prices have followed suit.”
Two LNG tankers are set to dock at South Hook in the next few days.
Brent oil is trading at around $47.40/bbl (£35/bbl).