Weekly Price Update Report - Week 47, 2018
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Energy Market ReportsWeekly Price Update Report - Week 47, 2018

Weekly Price Update Report - Week 47, 2018

Ian Mckenna

by Ian Mckenna 19 November 2018

Report Summary:

What direction will prices take this week


NBP Natural Gas & GB Power Market Movement

Prices closed higher for curve electricity and gas contract respectively. Brent, Coal and Carbon all with the starkest of falls (-4.87%) seen in the Oil price.  The LNG send out was stable compared to the previous week at 19 MCM. An outlook for cold spells from mid November right through to the end of November and for the early to mid part of December too was the main bullish driver for prices.

The performance of the GB Pound was adversely impacted over Brexit from the 14th November, with Theresa May possibly facing a no-confidence vote on her pending Brexit deal.  By close of play on Friday (16/11) the April-19 annual electricity and gas contracts closed +3.65% and +3.51% respectively.

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