Wind and interconnectors providing 20% of UK’s energy supply

Energy flows from interconnectors and wind generation are accounting for around 20% of the UK’s supply which has eased demand for gas. That’s according to today’s market report from npower […]

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By Priyanka Shrestha
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Energy flows from interconnectors and wind generation are accounting for around 20% of the UK’s supply which has eased demand for gas.

That’s according to today’s market report from npower which suggests both the gas and power systems are looking “comfortable”.

Tom Matthews, Client Portfolio Manager said the gas system is also receiving more flows from the Netherlands.

Contracts are however trading lower compared to yesterday on the back of milder weather forecasts, he adds.

Carbon still remains above €6 a tonne as suggested yesterday, however, Mr Matthews adds: “Opposition to the fast track of the backloading plans in the EU Parliament has seen the contracts now come off its highs so that’s applying pressure to near curve and seasonal contracts.”

He suggests keeping an eye on the weather forecast as it has been a strong driver over the past few weeks.