Wind production lower than expected – DMR

Wind is providing 3% of the generation stack today, according to the daily market report. That’s down on forecasts of just below 5GW, Sam Hill from the Optimisation Desk said. […]

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By Priyanka Shrestha

Wind is providing 3% of the generation stack today, according to the daily market report.

That’s down on forecasts of just below 5GW, Sam Hill from the Optimisation Desk said. However the peak margins are “comfortable”, with forecasts of around 11.5GW.

The gas system is still oversupplied this morning, with the linepack at just over 15mcm long.

“This reflects the healthy numbers seen across the gas supply board,” Mr Hill added.

Langeled and BBL are flowing at 63mcm and 20mcm and LNG send-out from South Hook is back to just over 45mcm.

 

Oil is currently trading at just over $31/Bbl (£21.4/Bbl).

Mr Hill said: “Oil has paused form a drop off in prices seen yesterday, this is ahead of US stock pile data. Some of the recent support for prices in the oil market is said to be a ‘false dawn’ according to the International Energy Agency who believe oversupply of crude is set to continue.

“It predicts reductions in demand are to follow slowdowns in European, US and Chinese economies and also have doubts on OPEC reducing supply any time soon.”