Weekly Price Update Report - Week 6, 2019
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Energy Market ReportsWeekly Price Update Report - Week 6, 2019

Weekly Price Update Report - Week 6, 2019

Chris Hurcombe

by Chris Hurcombe 04 February 2019

Report Summary:

Strong falls despite heavy snow

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices falls came about for annual electricity and gas contracts despite higher domestic demand. A considerably weaker demand outlook for the week ahead (week commencing 04th February), continued strong supply with the Langeled gas line flowing close to capacity and a robust/higher LNG send out all contributed to what was an overall bearish market.

The Carbon price strongly fell +8% whilst the Coal price closed the week unchanged and the Oil price concluded the week slightly higher by 1.80% . By close of play on Friday (02nd February) the annual electricity and gas contracts closed reduced week on week -3.01% and -3.39% respectively. The front season gas contract (Summer-19) attained a price point not seen since mid June 2018.

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