Power peak margin comfortable – DMR

The UK’s power peak margin is comfortable below 14GW, according to npower’s daily market report. Wind is generating 2.5GW although it is expected to rise during the day. CCGT generation […]

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By Jacqueline Echevarria

The UK’s power peak margin is comfortable below 14GW, according to npower’s daily market report.

Wind is generating 2.5GW although it is expected to rise during the day.

CCGT generation is at 15GW, providing 45% of the power mix while nuclear is at 23% and coal at 6%.

The French and Dutch interconnectors are importing at full capacities.

On the gas system, the linepack is forecast to close 25mcm short.

That’s due to reduction in flows through the Langeled pipeline as a result of maintenance works. It is nominating under 18mcm.

 

LNG send-out through the South Hook terminal has also dropped to 15mcm and exports via the UK Interconnector are at 9mcm.

Alex Guiot from the Optimisation Desk said: “With injections and maintenance continuing at the UK’s storage facilities, nominations are at zero.”

Oil is trading at $49.4/Bbl (£33.5/Bbl).

Mr Guiot said: “Although it is lower than the highs of over $50/Bbl earlier in the week, oil has been holding onto this bolstered position after pushing up from the historic 12-year lows earlier this year.

“With OPEC discussions starting tomorrow there is some optimism in the market that there may be steps towards a proposed production freeze. Due to the spring bank holiday, US inventory data will be released tomorrow instead of this afternoon – current expectations are that stockpiles will shrink which would most likely support oil prices further.”