Weekly Price Update Report - Week 46, 2018
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Energy Market ReportsWeekly Price Update Report - Week 46, 2018

Weekly Price Update Report - Week 46, 2018

Ian Mckenna

by Ian Mckenna 15 November 2018

Report Summary:

Market prices floating


NBP Natural Gas & GB Power Market Movement

Prices closed slightly higher and slightly down for curve electricity and gas contract respectively. Brent and Coal fell strongly with a rise in European inventories weighing on the Coal price.  The Carbon Price rose strongly +14%. Having attained a send out of 47 MCM the previous week, the LNG send was much lower at 20MCM. Five LNG tankers are expected at UK terminals between now and the 23rd November.  Given the warmer weather during the week, domestic demand did fall  back in parallel.  Towards the latter part of the week however, forecasts of much cooler weather at end November/beginning December along with Norwegian gas production issues resulted in a more bullish market.   By close of play on Friday (09/11) the April-19 annual electricity and gas contracts closed +0.65% and unchanged respectively.

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