Weekly Price Update Report - Week 35 2019
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Energy Market ReportsWeekly Price Update Report - Week 35 2019

Weekly Price Update Report - Week 35 2019

Ian Mckenna

by Ian Mckenna 28 August 2019

Report Summary:

Big losses over the last week


NBP Natural Gas & GB Power Market Movement

UK energy prices ended the week lower with a stark loss seen in Carbon price, -3.35%.  Demand from the domestic sector fell week-on-week -16.99% which helped to offset the risk of a reduction in Norwegian imports to the UK. The easing demand helped with system balance overall.  UK gas production also fell during the week but is expected to recompose in week 26/08.  LNG deliveries remained unchanged at 5 MCM.  Gas stocks continued to grow and are now higher than where stocks levels were the same last year and the same time in 2017.  By close of play on Friday (23/08) the October-2019 annual contracts for electricity and gas closed lower -2.34% and -3.61% respectively.

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