Weekly Price Update Report - Week 10, 2019
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Energy Market ReportsWeekly Price Update Report - Week 10, 2019

Weekly Price Update Report - Week 10, 2019

Ian Mckenna

by Ian Mckenna 05 March 2019

Report Summary:

Price gains muted


NBP Natural Gas & GB Power Market Movement

Whilst consumption rose last week, a strong LNG send out muted the risk gains in the UK gas market, with a recorded send out on Friday at 69 mcm.  Norwegian gas imports through Langeled pipeline were higher week-on week but are expected to remain unchanged in w/c 04th March.  UK gas production fell slightly during the week but a higher send out rate annulled the shortfall.

Having fallen more than 7% the previous week, the Carbon price rose sharply +17.73%. The Oil price did however recede -3.05%.  By close of play on Friday (01st March) the April 2019 annual contracts for electricity and gas closed higher +1.42% and lower -0.39% respectively.

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