Weekly Price Update Report - Week 31, 2018
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Energy Market ReportsWeekly Price Update Report - Week 31, 2018

Weekly Price Update Report - Week 31, 2018

Ian Mckenna

by Ian Mckenna 31 July 2018

Report Summary:

Above normal temperatures driving demand


NBP Natural Gas & GB Power Market Movement

Last week brought mixed emotions for both gas and power markets with both oil and gas prices finishing the week higher than the start. This filtered through to the power markets with further volatility along the curve.  However any increases were muted by strong wind generation and an oversupply in the system, with sharp falls effecting the near curve on Friday which partially filtered through to the far curve as markets came to a close on Friday. One of the biggest drivers at present is the above normal temperatures which is driving demand for cooling and with increased cloud cover last week both wind and solar generation were low with gas fired generation taking up the slack.

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