Weekly Price Update Report - Week 4, 2019
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Energy Market ReportsWeekly Price Update Report - Week 4, 2019

Weekly Price Update Report - Week 4, 2019

Angie Palmer

by Angie Palmer 22 January 2019

Report Summary:

Cold snap start to pressure prices

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed higher for annual electricity and gas contracts with a +21% increase in national household consumption, a consequence of cooler weather and the outlook for cooler weather to linger between now and going into February.  Whilst LNG send out ended lower week-on-week, send out remained strong at 50 MCM.   The Coal, Carbon and from month Brent crude price all rose with the strongest gain seen in the Carbon price +9% owing to cold snaps across Europe also.  By close of play on Friday (18/01) the April-19 annual electricity and gas contracts closed +3.28% and +3.23% respectively.

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