Gas main contributor to the power mix – DMR

Gas-fired generation is the main contributor to the UK’s power mix, according to npower’s daily market report. It is providing 52% of the stack while wind is generating above 1GW. […]

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By Jacqueline Echevarria

Gas-fired generation is the main contributor to the UK’s power mix, according to npower’s daily market report.

It is providing 52% of the stack while wind is generating above 1GW.

Coal production is below 3GW and the Dutch interconnector is importing at its full capacity while the French one is at 1.5GW.

The gas system is undersupplied due to outages at Heimdal and Valemon gas sites since Tuesday and Rough storage is offline.

 

Alex Guiot from the Optimisation Desk said: “Market participants should even weigh further production drops in Norway as its oil and gas fields face strike threats at the weekend unless operators and workers find an agreement.”

Brent oil is trading at $50/bbl (£37/bbl).

Mr Guiot added: “Brent prices were immediately boosted to the upside as it showed that crude stockpiles decreased by 4.1m/bbl compared to the 3.1m/bbl previously expected by market participants. Inventories fell for a sixth straight week, the longest streak of declines in more than one year but are still at historical high levels for this time of year.”