Power margins comfortable – DMR

The UK’s power margins are comfortable today, according to npower’s daily market report. The peak is forecast at 13.8GW despite wind generation at 800MW and is not expected to be […]

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By Jacqueline Echevarria

The UK’s power margins are comfortable today, according to npower’s daily market report.

The peak is forecast at 13.8GW despite wind generation at 800MW and is not expected to be above 1GW later today.

Gemma Bruce from the Optimisation Desk said: “Imports from the French interconnector are at half capacity this morning as has been the trend lately while the Dutch one is at full capacity in the direction of the UK.”

On the gas system, the linepack is forecast to close 11mcm long.

That’s despite exports of more than 40mcm to the continent via the IUK pipeline.

 

Ms Bruce added: “With the injection outage continuing at Rough, the excess gas in the system needs to be mopped up and as a result exports to Belgium have increased.”

LNG send-out is at 35mcm and four tankers are expected to arrive in the country later this month.

Oil is trading at $46.7/bbl (£35.02/bbl).

Ms Bruce went on: “Oil prices rebounded slightly yesterday afternoon following a sell off the session before. Investors are weighing the outcome of the latest US inventory data which showed crude stockpiles declined for the eight consecutive week which is the longest losing streak since this time last year while gasoline inventories rose further above their five year average.”