Weekly Price Update Report - Week 44, 2018
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Energy Market ReportsWeekly Price Update Report - Week 44, 2018

Weekly Price Update Report - Week 44, 2018

Ian Mckenna

by Ian Mckenna 29 October 2018

Report Summary:

Further falls welcome


NBP Natural Gas & GB Power Market Movement

Prices fell once again week-on-week. Brent, Carbon and Coal all fell during the week with the starkest of (downward) movement seen once again in the Carbon market where there was a +7.00% price drop. LNG send out rose to an impressive 30 MCM by Friday and remains well above the average seen in the month of October so far. Expectations for even higher LNG send outs in w/c 29-10 with more cargo arrivals dragged prices overall.  Household demand rose just over 7%. However a strong LNG send out, improved weather outlooks, robust supply (especially) from Norway all helped to limit the impact of higher demand.  By close of play Friday (26/10) the April-19 annual electricity and gas contracts closed -3.32% and -4.33% respectively, attaining 2-month lows.

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