The UK gas system is much better supplied today than yesterday, according to npower’s daily market report.
That’s because flows from the Netherlands are strong and exports through the IUK have been reduced.
That means “we are receiving a net 5mcm”, according to Tim Carter from npower’s Optimisation’s Desk.
LNG flows are “stable” and two cargoes are scheduled to arrive in the country next week.
Mr Carter added: “There is also much lower demand on the system today with total demand nearly 30mcm down on yesterday. A big chunk of this is the reduced CCGT take, which has dropped 15mcm from yesterday as a result of high wind generation forecast today. There is also lower domestic demand thanks to the slightly warmer temperatures.”
On the power system, the peak margins are at more than 11GW with wind as the major supplier, currently generating 5.5GW.
It is expected to reach 7GW.
Mr Carter said: “Dutch interconnectors are back importing at full capacity but the French remains at zero as nuclear reactor restarts continue to be delayed and the 25% maintenance capacity restriction has been extended to 6th December.”
Brent oil is currently trading at above $45 per barrel (£29.2/bbl).