Gas system long – DMR

The UK gas system is forecast to close 20mcm long today, according to npower’s daily market report. That’s because flows from Holford, St Fergus and Teeside sites have increased. Nicholas […]

By Jacqueline Echevarria

The UK gas system is forecast to close 20mcm long today, according to npower’s daily market report.

That’s because flows from Holford, St Fergus and Teeside sites have increased.

Nicholas Morgan from the Optimisation Desk said: “There is currently an outage at the Kollsness facility which could have 6.5mcm impact on flows today.”

Brent oil is currently trading at $47.82/bbl (£35.3/bbl).

Mr Morgan added: “The move comes as Iran has joined Saudi and Russia in signalling that it will be willing to work to add some support to prices. The falling US dollar has possibly also contributed to the rally in Brent prices. US non-manufacturing PMI [Purchasing Managing Index] data released yesterday afternoon fell short of expectations and weighed on the dollar.”

 

On the power system, wind generation is expected to be less than 1GW today while solar is forecast higher than previous days, peaking at 4.5GW.

Mr Morgan went on: “Recently CCGT gas plants have been the marginal source of power generation, setting prices for UK power and so we might expect power to take the lead from gas markets.”

CCGT and nuclear are providing 53% and 23% of the power mix respectively.

Mr Morgan added: “The East West interconnector between Great Britain and the island of Ireland is set for zero import and export capacity today due to scheduled maintenance. The interconnector is returning to a usual profile today.  Imports will ramp up to a maximum of 2GW from 9am and remain elevated for much of the peak.”

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