Weekly Price Update Report - Week 7, 2019
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Energy Market ReportsWeekly Price Update Report - Week 7, 2019

Weekly Price Update Report - Week 7, 2019

Ian Mckenna

by Ian Mckenna 11 February 2019

Report Summary:

Further prices falls over the week

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Prices falls came about during the week.  UK gas consumption was softer week-on-week and this was main bearish market force.  LNG send out remained strong, particularly on Tuesday 5th February when the send-out was as high as 70 MCM. Mild weather also reduced consumption on the continent as well as the UK. 

UK gas production was higher during the week and is expected to rise further in w/c 11th February.  The Carbon price gained +1.79% but the Coal price closed the week strongly down -9.36%.  The Oil price concluded the week slightly lower too. By close of play on Friday (08th February) the April 2019 annual contracts for electricity and gas closed once again lower, -2.06% and -3.93% respectively, reaching record 8-month lows.

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