Cold weather drives demand – DMR

The gas system is currently 25mcm long despite lower temperatures driving demand. These temperatures are not due to return to the seasonal normal levels until Sunday, according to npower’s daily […]

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By Jonny Bairstow

The gas system is currently 25mcm long despite lower temperatures driving demand.

These temperatures are not due to return to the seasonal normal levels until Sunday, according to npower’s daily market report.

Brent oil price has fallen to $46.60/bbl (£37.52/bbl). Commodities are expected to take direction once the results of the US presidential election are known.

Wind generation is forecast to be subdued for the next few days, currently at around 1GW. Solar generation is expected to peak at around 3GW today.

 

French power imports from the UK have reduced slightly due to warmer temperatures and an improvement in their hydroelectric generation. The French interconnector is currently exporting into France and will continue to do so until mid-afternoon.

Rodney Johnson from the Optimisation Desk said: “Power demand is quite high given the seasonally colder temperatures and like yesterday, there is a risk of a triad today with temperatures being so low for the time of year.”

The pound is valued at €1.12.

The dollar is likely to suffer volatility due to the US presidential election results.