Power market slow to get going – DMR

The power market is slow to get going today, according to npower’s market report. Gas market prices are indicated to be softer than last night’s close and further pound weakness is likely […]

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By Jonny Bairstow

The power market is slow to get going today, according to npower’s market report.

Gas market prices are indicated to be softer than last night’s close and further pound weakness is likely to balance prices.

Nominations for gas flows through the Langeled pipeline are up to around 20mcm this morning while planned events effecting Norwegian Field mean a reduction of 34mcm.

 

The peak is forecast at just above 9GW, with wind generating more than 1GW.

Sam Hill from the Optimisation Desk said: “Both the French and Dutch interconnectors, like yesterday, are importing at full capacity.”

Oil prices have pushed up this morning, currently trading at $42.38/bbl (£32.02/bbl).