Power system comfortable – DMR

The UK power system is forecast to be comfortable today, according to npower’s daily market report. The peak margin is at 12GW. Wind is generating 2.5GW and gas-fired power generation […]

Register now!

By Jacqueline Echevarria

The UK power system is forecast to be comfortable today, according to npower’s daily market report.

The peak margin is at 12GW.

Wind is generating 2.5GW and gas-fired power generation is at 16GW, providing 50% of the energy mix.

The gas system is expected to be oversupplied as Langeled flows have doubled compared to yesterday while demand has been reduced due to warmer temperatures.

 

Brent oil is trading at $44.7/bbl (£33.9/bbl).

Alex Guiot from the Optimisation Desk said: “Brent prices hit a three-month low before quotes slightly regained with the last quote at $44.87/bbl (£34.10/bbl).

“The question, if this bearish trend will continue, cannot be answered easily: on the one side, prices may get support by the delayed re-opening of the biggest Libyan ports for oil exploration or a strong decline in inventories. On the other hand, healthy supply and the absence of new output disruptions may further pressure prices. Today’s release of oil US inventories will just shed more lights on one of those several points.”