Weekly Price Update Report - Week 19 2019
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Energy Market ReportsWeekly Price Update Report - Week 19 2019

Weekly Price Update Report - Week 19 2019

Ian Mckenna

by Ian Mckenna 07 May 2019

Report Summary:

More bumps in the road


NBP Natural Gas & GB Power Market Movement

UK energy prices ended the week down overall. The Carbon and Oil price ended the week -2.56% and -1.80% when compared to the previous week though the Coal price gained. Demand from the domestic sector rose week-on-week but the higher consumption,  a result of less warmer weather, was more than met by healthier supplies from Norwegian gas flows and a much stronger LNG send-out.  By close of play on Friday (03rd May) the October-2019 annual contracts for electricity and gas closed lower -3.91% and -4.61% respectively: back to price points not seen since the beginning of April 2019 therefore at 1-month lows. 

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