Gas system opens in length – DMR

The gas system has opened in length this morning, according to npower’s daily market report. Belgian imports have now been increasing for three days in a row. Norwegian flows remain […]

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By Jonny Bairstow

The gas system has opened in length this morning, according to npower’s daily market report.

Belgian imports have now been increasing for three days in a row.

Norwegian flows remain strong, nominating 10mcm more than the seasonal average. There are still no LNG tankers forecast for arrival.

December temperatures are now predicted to be 2℃ above seasonal normal levels.

Alex Guiot from the Optimisation Desk said: “On the power side, UK carbon price support will remain frozen at the current rate of £18/MWh until the 12-month period starting April 2020.

“This news is supporting the government’s plan to phase out coal-fired generation completely by 2025, as it will maintain pressure on coal’s margin profit.”

Gas-fired generation has increased from yesterday to 22GW, making up 52% of the stack. This is despite healthier wind generation than yesterday, reaching 2.8GW.

Mr Guiot added: “Cold weather in France has made the interconnector switch again to export mode. Now the UK is exporting 100MW. The Dutch one is importing at capacity.

“Elsewhere, oil prices changed little as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the US Thanksgiving holiday kept traders from making big new bets on markets.”