Weekly Price Update Report - Week 15 2019
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Energy Market ReportsWeekly Price Update Report - Week 15 2019

Weekly Price Update Report - Week 15 2019

Ian Mckenna

by Ian Mckenna 08 April 2019

Report Summary:

Markets rose strongly during the week

week-on-week-changes

NBP Natural Gas & GB Power Market Movement

Markets rose strongly during the week, especially from Wednesday.  Demand rose +29% overall, Norwegian gas exports fell sharply and unexpectedly, and the Carbon price rose strongly.   Low wind power on the Continent may have possibly contributed too. There was also some maintenance of gas producing fields on the UK gas shelf.  LNG send-out hit 85 mcm by the end of Friday which will have helped to stem the rate of gains at the end of the week.    The Oil price and Coal price also closed the week higher, +2.85% and +2.51 respectively.  By close of play on Friday (05th April) the October 2019 annual contracts for electricity and gas closed considerably higher +9.88% and +12.15% respectively.

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