Gas system balanced – DMR

The UK gas system is balanced as demand has dropped due to warmer temperatures, according to npower’s daily market report. Flows from the Langeled pipeline are at 13mcm as cuts […]

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By Jacqueline Echevarria

The UK gas system is balanced as demand has dropped due to warmer temperatures, according to npower’s daily market report.

Flows from the Langeled pipeline are at 13mcm as cuts from the Norwegian gas field remain.

On the power system, the peak margin is forecast to be below 10GW.

Gas-fired power generation is more than 16GW while wind is producing 800MW.

Coal production has picked up to 4.5GW.

 

Sam Hill from the Optimisation Desk said: “Nuclear is making up 25% of the stack at 8.5GW. Both interconnectors are importing, the Dutch at 1GW and the French at 1.5GW. We also have a small amount being imported through the East to West interconnector.”

Brent oil is trading at $50.14/bbl (£34.09/bbl).

Mr Hill added: “Oil retreated below $50/bbl (£34/bbl) following the US inventory announcements which saw stockpiles decreasing although not as much as anticipated. The uncertainty in the global market aided by the EU referendum is keeping commodities like oil volatile.”

The pound is currently valued at €1.30 ahead of the EU referendum results.