Weekly Price Update Report - Week 31 2019
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Energy Market ReportsWeekly Price Update Report - Week 31 2019

Weekly Price Update Report - Week 31 2019

Angie Palmer

by Angie Palmer 30 July 2019

Report Summary:

Price finish the week on a low


NBP Natural Gas & GB Power Market Movement

Prices declined nicely over the week finishing at a low point on Friday, but the outlook on Monday didn’t indicate that it would be such a positive week in the market.  With Monday influenced by strong European carbon prices and a heightening of tension in Iran causing further price concern for Brent crude oil prices.  Above normal seasonal weather increased demand for cooling but healthy supplies and positive system response managed to contain any price rises, with prices falling on Friday afternoon to healthy levels.

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