Peak power margins tighter today – DMR

Peak power margins are “a bit tighter” today at just above 11GW. That’s despite the usual Friday wind down from the industry, states npower’s daily market report. It is largely […]

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By Priyanka Shrestha

Peak power margins are “a bit tighter” today at just above 11GW.

That’s despite the usual Friday wind down from the industry, states npower’s daily market report.

It is largely attributed to the French interconnector being in export mode, with the UK forecast to see small amounts of imports during the morning peak and later this evening.

Wind generation remains steady this morning at just above 2GW but this is falling short of forecasts, according to Gemma Bruce from the Optimisation Desk.

The gas system has opened “very well supplied”, with the linepack currently forecast to close more than 34mcm in length.

 

Langeled flows are healthier today, currently flowing at 21mcm with nominations even higher at more than 30mcm and Norwegian flows into the St Fergus terminals also strong.

Ms Bruce added:”Oil has continued to slip today with the front month currently trading at $45.46/bbl (£34/bbl) despite Russia still trying to push the production freeze agenda at the OPEC talks due to take place later this month and has proposed that Iran is exempt from the freeze in order to speed up proceedings.

“However this has been overshadowed by Saudi Arabia strengthening ties with China and Japan, utilising more Asian storage facilities.”