Peter Parsons, National Grid

Provides a detailed overview in respect to gas, covering: fuel prices; relative power economics; demand; demand forecasts; peak demand; supply forecasts from UKCS, interconnectors and LNG; and storage capacity. For electricity it is apparent that demand forecasts uncertainty has increased, and details are provided on: assumed availability of generators and interconnectors; generation and demand forecasts and outturns; normal demand and notified generation availability; 1 in 20 demand and assumed generation availability. In respect to the outlook for 2011/12 for gas: forward winter fuel prices strongly favour coal to be base load generation, providing a potential upside to gas demand; weather corrected gas demand forecast will be similar to last winter, though peak demand forecast is lower due to power generation assumptions; forecast non-storage supplies are similar to last winter with lower UKCS being offset by more LNG, albeit LNG supplies are subject to some uncertainties; and storage levels similar to last winter, but should increase in the winter when new facilities are commissioned. For electricity the outlook suggests that: the average Cold Spell Demand forecast will be very close to last year; notified and assumed generation availability is close to last year’s figures; and there is a high likelihood that 3GW of exports to the continent could lead to low margins during a 1 in 20 demand period.

Comments for BIEE Members only.
Sign in or become a member today.

Sign up to our Events Newsletter

To receive email updates about our forthcoming events and news please sign up here.

Sign Up