Weekly Price Update Report - Week 26, 2018
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Energy Market ReportsWeekly Price Update Report - Week 26, 2018

Weekly Price Update Report - Week 26, 2018

Ian Mckenna

by Ian Mckenna 25 June 2018

Report Summary:

Prices start to stable


NBP Natural Gas & GB Power Market Movement

Price closed lower/stable during the week.  Easing demand for domestic heating and ongoing maintenance of the Belgian-UK Interconnector, which is excepted to last until 28th June, left the gas network well supplied. In addition, the recovery of gas flows following the return of maintenance at the UK gas shelf provided bearishness.  Total UK gas stocks rose +34% and aligned more to levels seen the same time last year.  Friday was particularly bullish however following a meeting with OPEC and non -OPEC members where confirmation of a rise in output was lower than market expectations.   The Coal price ended the week >4% down on rising inventories  The electricity and gas October-18 annual price indices closed -0.03% and +0.73% respectively.

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