Gas system long – DMR

The gas system has opened oversupplied this morning, according to npower’s daily market report. The linepack is currently forecast to close more than 17mcm in length. Gemma Bruce from npower’s […]

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

The linepack is currently forecast to close more than 17mcm in length.

Gemma Bruce from npower’s optimisation desk said: “This is largely aided by an increase in Norwegian flows with [the] Langeled [pipeline] flowing at more than 50mcm this morning compared to the 16mcm we saw at the open yesterday.”

The UK’s Interconnector is currently exporting 24mcm to the continent.

LNG send-out is lower at a combined 38mcm from both the South Hook and Dragon terminals.

Margins on the power system are “very comfortable this morning” with the peak forecast at more than 12GW despite wind generation dropping to 1.8GW.

 

Demand is a “good chunk lower than yesterday”, aided by the above average temperatures but also the usual Friday wind-down from industry, Ms Bruce said.

Gas-fired generation continues to dominate the stack at 34%, followed by coal at 28% and nuclear at 20%.

The French interconnector capacity continues to be restrained at 1500MW until the 28th October.

The pound is now worth €1.3876.

Oil is currently trading at $48.50 a barrel (£31/Bbl).