Weekly Price Update Report - Week 28 2019
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Energy Market ReportsWeekly Price Update Report - Week 28 2019

Weekly Price Update Report - Week 28 2019

Ian Mckenna

by Ian Mckenna 12 July 2019

Report Summary:

Choppy waters ahead


NBP Natural Gas & GB Power Market Movement

UK energy prices ended the week generally lower Whilst the Carbon and Coal price ended the week higher there was a sharp decline in the price of a barrel of oil -3.49% compared to the previous week. Price falls in this commodity were a result of concerns about slowing global growth outweighing supply. Demand from the domestic sector fell over 5% week-on-week thanks to less cool weather which loosened the network.  LNG dropped sharply (attaining a send-out of only 10 mcm by the end of the week Vs 21 mcm in the previous week).  By close of play on Friday (05th July the October-2019 annual contracts for electricity and gas closed lower -0.33% and -0.53% respectively. 

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