Peak power margin tight – DMR

The UK’s peak power margin is tight, according to npower’s daily market report. It is more than 6GW and wind production is forecast below 1GW. CCGT generation is providing 48% of […]

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By Jacqueline Echevarria

The UK’s peak power margin is tight, according to npower’s daily market report.

It is more than 6GW and wind production is forecast below 1GW.

CCGT generation is providing 48% of the stack and coal and nuclear 16% and 19% respectively.

The French and Dutch interconnectors are importing 1.9GW and 0.9GW.

On the gas system, the linepack is forecast 3mcm long and demand is expected to be 38mcm higher than seasonal normal levels.

Flows from Norway through the Langeled pipeline are at 56mcm and the Balgzand Bacton Line (BBL) is at 24mcm.

 

The UK Interconnector is exporting under 18mcm.

Tim Carter from the Optimisation Desk said: “South Hook LNG send-out is reasonably unchanged from yesterday and is at 36mcm in line with nominations. Rough storage withdrawals are 26mcm, injection haulage has been extended to 25th March as offshore injection header maintenance continues.”

Brent oil is currently trading at $41.32/bbl (£28/bbl).

Mr Carter added: “This is as OPEC see moderate gains as output drops. OPEC believe prices will rebound to a moderate level even if Iran decides not to join the freeze.”