Weekly Price Update Report - Week 36 2019
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Energy Market ReportsWeekly Price Update Report - Week 36 2019

Weekly Price Update Report - Week 36 2019

Ian Mckenna

by Ian Mckenna 02 September 2019

Report Summary:

Carbon prices help firm prices


NBP Natural Gas & GB Power Market Movement

UK energy prices ended the week slightly higher.  Demand from the domestic sector rose +4.13%.  External fuels ended bullish, particularly evident in the Carbon market where recent falls recouped. The Oil price gained on hopes of easing trade tensions between the US and China. LNG remained unchanged at 5MCM but the actual arrival of a cargo on Sunday 1st September and expected arrival of a cargo on the 7th September suggested a higher send out rate was possible in market week commencing 2nd September.  Gas stocks were largely unchanged too and continued to remain higher than total stocks recorded the same time in 2017 and 2018.  By close of play on Friday (30/08) the October-2019 annual contracts for electricity/gas closed higher +0.08%/+0.40% respectively.

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