Gas system long – DMR

The UK gas system has opened long this morning, according to npower’s daily market report. The linepack is forecast to close 3mcm long despite a reduction in Norwegian flows. Langeled […]

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By Jacqueline Echevarria

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

The linepack is forecast to close 3mcm long despite a reduction in Norwegian flows.

Langeled flows are at 50mcm while those through the IUK to Belgium are at 28mcm.

Gemma Bruce from npower’s Optimisation Desk said: “Storage withdrawals have however stepped in to cover the shortfall in flows and increased demand. Temperatures continue to be way above seasonal normal for the time of year with the UK set to have the warmest December on record as a result domestic demand is subdued.”

On the power side, peak margins are below 10GW despite wind generating 2.2GW.

 

It is forecast to rise to more than 6GW this evening.

Ms Bruce added: “As it stands gas-fired generation is making up 42% of the stack, down a touch from yesterday with coal at 21%.”

Imports from Europe are at full capacity and the French interconnector is capped at 1.5GW.

Ms Bruce said: “Oil prices have rebounded slightly from the lows yesterday but remain trading at levels last seen during the financial crisis. The International Energy Agency is now predicting the market will remain in surplus until at least late 2016.”