Weekly Price Update Report - Week 42, 2018
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Energy Market ReportsWeekly Price Update Report - Week 42, 2018

Weekly Price Update Report - Week 42, 2018

Ian Mckenna

by Ian Mckenna 16 October 2018

Report Summary:

Prices fall again


NBP Natural Gas & GB Power Market Movement

Prices fell strongly week-on-week. All wider fuel considerations (Oil, Coal and Carbon) fell during the week with the starkest of movement seen in the Carbon market. LNG send-out improved by 130% with various cargo arrivals to the UK.  Given the less cooler temperatures, household demand eased which took pressure of the grid system and total UK gas storage continued to replenish, a result of oversupply and a looser grid system.  The Summer-19 contract is now the nearest season.  By close of play Friday (12/10) the April-19 annual electricity and gas contracts closed down  by 5.65% and 5.43% respectively.

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