Weekly Price Update Report - Week 5, 2019
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Energy Market ReportsWeekly Price Update Report - Week 5, 2019

Weekly Price Update Report - Week 5, 2019

Chris Hurcombe

by Chris Hurcombe 28 January 2019

Report Summary:

Stong price falls despite cold snap

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices closed considerably lower for annual electricity and gas contracts with a +17% decrease in national household consumption, strong supply and bearishness in wider markets such as Coal, Carbon and Oil.  The outlook for strong wind power at the start of week commencing 28th January also drove prices lower particularly towards the end of the week. However wind power output from wind farms is expected to reduce from Tuesday 29th January. 

LNG send out fell 26% but given reduced week-on-week demand and comfortable supply overall, the strong reduction in LNG send out failed to  translate into a bullish market. By close of play on Friday (25/01) the April-19 annual electricity and gas contracts closed -4.70% and -5.86% respectively.

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