Weekly Price Update Report - Week 14 2019
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Energy Market ReportsWeekly Price Update Report - Week 14 2019

Weekly Price Update Report - Week 14 2019

Chris Hurcombe

by Chris Hurcombe 01 April 2019

Report Summary:

Prices stable for the moment

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Markets opened the week down on oversupply and an improved weather outlook for the balance of week but went on to gain on Tuesday on higher Oil and Carbon prices and a shortfall of supply.  Mid-week, markets gained strongly amid forecasts of cooler weather for the early part of April and short-term expectations for low wind power.  The Oil price continued to advance too with outages in Venezuela.  The Carbon price rose too, overall this ended the week higher +4.28%. Markets conditions were more stable on Thursday.   By close of play on Friday (29th March) the April 2019 annual contracts for electricity and gas closed higher +0.57% and incrementally lower -0.02% respectively. The summer-2019 contracts have now expired.

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