Power system comfortable today – DMR

The power system’s peak margin is “back to a comfortable level” today, according to npower’s daily market report. It is currently standing at more than 10.8GW. Wind is now generating […]

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By Priyanka Shrestha

The power system’s peak margin is “back to a comfortable level” today, according to npower’s daily market report.

It is currently standing at more than 10.8GW.

Wind is now generating 4.2GW and is forecast to stay around that level for the rest of the day.

CCGTs are providing 38% of the stack and coal 20%, Client Portfolio Manager Alex Guiot said.

The gas system has opened 42mcm long this morning due to Norwegian supply rising after outages in Sleipner and Kaarstoe ended.

 

Mr Guiot added: “Oil keeps crashing with Brent month ahead contract trading $30.90/Bbl (£21.3/Bbl). It is now trading at its 12-year low as US crude stockpiles data release later today are expected to be expanding. It is particularly leveraged to the dollar and may fall between 10 to 25% if the currency gains 5%.

“That is important to note as we are having very volatile session on the currency market. The pound yesterday rebounded to €1.34 but felt again in the early exchange to €1.335. We can expect UK manufacturing production numbers this morning to provide some direction.”