Gas system balanced – DMR

The gas system has opened roughly balanced this morning, according to npower’s daily market report. The linepack is forecast to close 1.7mcm long. Langeled [Norwegian] flows remain strong at more […]

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The gas system has opened roughly balanced this morning, according to npower’s daily market report.

The linepack is forecast to close 1.7mcm long.

Langeled [Norwegian] flows remain strong at more than 40mcm today.

Gemma Bruce from npower’s optimisation desk said: “We are likely to see this reduced once the Troll [gas field] maintenance begins on the 4th July.”

Exports to the continent have fallen slightly since yesterday. Ms Bruce added: “However nominations are still very healthy at 35mcm.”

Power margins have improved with the peak power forecast at 12.3GW today.

Wind generation has reduced to 1GW and is not expected to pick up until the weekend.

 

Ms Bruce went on: “Solar generation is also lower today given the increased cloud cover following the hottest day of the year yesterday.”

Gas-fired generation has picked up to cover the shortfall and is currently contributing 41% to the generation stack with coal at just 24%.

Greece remains in the spotlight as the Prime Minister is now ready to accept the terms of major creditors.

“However, European leaders want to see the referendum results before taking any measures”, Ms Bruce said.

She added: “We are also keeping a keen eye on any developments between Russia and Ukraine which have been unable to agree a price for gas for the third quarter of this year.

“Without an agreement we could see some strength return to the markets as it will once again increase the risk of supply disruption to Europe.”