Weekly Price Update Report - Week 21, 2018
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Energy Market ReportsWeekly Price Update Report - Week 21, 2018

Weekly Price Update Report - Week 21, 2018

Ian Mckenna

by Ian Mckenna 21 May 2018

Report Summary:

Strong gains over the market


NBP Natural Gas & GB Power Market Movement

Prices rose last week despite lower consumption especially towards the end of the week, but overall domestic consumption was higher week-on-week.  The oil and carbon price gained 1.80% and 4.25% respectively.

Coal prices eased incrementally -0.28% but remained at market highs.  The Bacton Shell gas terminal located on the North Sea coast was fully shutdown for planned maintenance on Monday, which boosted prices on Monday and impacted prices in parts throughout the week. An outage at the Norwegian gas shelf started on Wednesday which limited gas flows through the importing Langeled pipeline.

LNG send out remained stable overall week-on-week but did rise to a level of 8mcm on Thursday and Friday therefore helping to limit some of the impact around reduced supply.  Wind power dipped in the middle of the week to the end of the week which added to the bullish sentiment but inputs from this supply source did regain over the weekend. 

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