Power demand to rise – DMR

Power demand in the UK is forecast to be higher than yesterday at more than 35GW. Wind generation is expected to be low at 0.4GW, according to npower’s daily market […]

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By Jacqueline Echevarria

Power demand in the UK is forecast to be higher than yesterday at more than 35GW.

Wind generation is expected to be low at 0.4GW, according to npower’s daily market report.

The French and Dutch interconnectors are importing at full capacity.

On the gas system, the linepack is forecast to close 6mcm long.

 

Alex Guiot from the Optimisation Desk said: “There are increased nominations from Bacton, South Hook and Aldborough, whilst demand has slid to near seasonal normal from above yesterday. The system oversupply has led to softer gas prices.”

Brent oil is currently trading at $49.35/bbl (£37.01/bbl).

Mr Guiot added: “Oil saw a rally late on Tuesday after anonymous sources reportedly from inside OPEC suggested Iran is sending ‘positive signals that it may support joint action’ which caused prices to break through the $49 (£36.7/bbl) mark again, however gains were squeezed in post-settlement trading after data showed a surprise build up in US crude stocks.”

The pound is valued at €1.17.