Power margin comfortable – DMR

The power margin is comfortable today despite no coal generation currently online and lower French imports through the interconnector. It stands at 13GW, according to npower’s daily market report. Gemma […]

Register now!

By Priyanka Shrestha

The power margin is comfortable today despite no coal generation currently online and lower French imports through the interconnector.

It stands at 13GW, according to npower’s daily market report.

Gemma Bruce from the Optimisation Desk said: “We are not expecting the French interconnector to reach capacity at any point over the day and it will in face switch to export mode later this afternoon.”

Wind generation is currently short falling from forecasts but is expected to ramp up steadily across the day and into tomorrow, reaching a peak of more than 4GW tomorrow morning.

Solar generation is also strong today with the peak forecast to be just above 6GW.

 

The gas system has opened in length with the closing linepack forecast to be more than 18mcm in length.

It has been aided by lower than seasonal normal demand due to the ongoing injection issues at the Rough storage facility and the mild weather.

Ms Bruce added: “Elsewhere the pound has picked up, now valued against the Euro at €1.17. This follows the announcement that a record number of foreign investments were made in the year to April 16. UK mortgage approval rates are due to be released later this morning so that could provide further direction to the currency markets later today.

“Oil continues to trade close to $50/bbl (£38/bbl) this morning following its recent bull run as prices gain on speculation that informal OPEC talks next month may lead to a stabilisation of the market.”