Weekly Price Update Report - Week 2, 2019
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Energy Market ReportsWeekly Price Update Report - Week 2, 2019

Weekly Price Update Report - Week 2, 2019

Ian Mckenna

by Ian Mckenna 07 January 2019

Report Summary:

Big drops in Summer19 prices

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed lower for annual electricity and gas contracts with supply strong, the milder weather and a particularly strong rise in the LNG send out all contributing.  The Carbon price fell -4.6% and the Coal price fell -6.7% thus bearishness was seen in wider markets which have a bearing and on UK energy pricing. The Oil price however gained strongly +9.3% with the market sentiment being that trade tensions between the US and China are dissipating.  By close of play on Friday (04/01) the April-19 annual electricity and gas contracts closed -1.39% and -1.10% respectively.

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