Power system a bit tighter today – DMR

The UK power system is a “bit tighter today”, according to the daily market report. The peak margin is forecast at just 8.8GW currently as wind generation has fallen to […]

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By Priyanka Shrestha

The UK power system is a “bit tighter today”, according to the daily market report.

The peak margin is forecast at just 8.8GW currently as wind generation has fallen to 1.8GW.

It is expected to remain around this level for most of the day before dropping off slightly tomorrow.

That has led to a “slight ramp up” in gas-fired generation, which in turn is contributing to the higher gas demand today.

The gas system has “opened in length” with the linepack forecast to close 4.5mcm long as Langeled flows continue to be healthy at more than 66mcm.

 

Gemma Bruce from the Optimisation Desk said: “We are also seeing strong LNG send-out following the arrival of a tanker at the South Hook terminal yesterday with a further three cargoes heading for the UK by the 1st of March.

“This combined with Rough withdrawals of 32mcm, BBL flows of 21mcm and zero exports to the continent through the IUK are helping to combat the increased demand and are contributing to the system length.”

She added: “Oil prices continue to trade in a tight range with the front month last traded at $34.12/bbl (£24/bbl). The continued supply glut is helping to keep prices supressed despite reports that agreements have been reached to cap production at January’s level between some of the big producers.”