Gas and power prices flat – DMR

Gas and power prices have opened flat this morning, according to npower daily market report. The gas system has opened roughly balanced with the linepack forecast to close 1mcm undersupplied. […]

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By Jacqueline Echevarria

Gas and power prices have opened flat this morning, according to npower daily market report.

The gas system has opened roughly balanced with the linepack forecast to close 1mcm undersupplied.

Gemma Bruce from the Optimisation Desk said: “There has been little change to flows this morning with Langeled still at capacity to the UK and the UK Interconnector importing at around 20mcm currently.

“BBL flows are a touch lower than where they were this time yesterday at 14mcm. However we are seeing healthy storage withdrawals from both Aldbrough and Holford which is helping to cover the increased demand which remains above seasonal normal levels.”

Temperatures are in line with seasonal normal levels although they will be mild towards Christmas.

 

On the power system, wind generation is contributing 9.5% of the stack and is expected to pick up later today while solar is making up 9% of the mix.

Ms Bruce added: “The French interconnector continues to be in export mode today at its full restricted capacity, although forecasts indicate this will reduce to just 160MW over the UK evening peak. The Dutch interconnector is importing to the UK at full capacity.”

Brent oil is currently trading at $55.21/bbl (£44.16/bbl).

Ms Bruce went on: “Any downside however will be capped by indications that crude stockpiles are likely to decline for the fifth consecutive week, trimming the supply glut. Official inventory data will be released tomorrow afternoon so we may see further direction then.”