Weekly Price Update Report - Week 3, 2019
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Energy Market ReportsWeekly Price Update Report - Week 3, 2019

Weekly Price Update Report - Week 3, 2019

Ian Mckenna

by Ian Mckenna 14 January 2019

Report Summary:

End of week prices close lower

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed lower once again annual electricity and gas contracts with a +13% decrease in national demand, a consequence of milder weather and supply remaining robust .  Whilst LNG send out ended lower week-on-week, send out remained strong at 58 MCM.   The Carbon price fell further -3.87% but the Coal price rose along with the Oil price despite weakening demand in China, but the bearishness of this in the oil market was offset by supply disruptions in Canada.    By close of play on Friday (11/01) the April-19 annual electricity and gas contracts closed -1.73% and -1.95% respectively.

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