Energy Insight 2018 - Week 30

Your regular snapshot of the wholesale energy markets.

Movements on the ICE Rotterdam coal market influenced movements on the UK gas and power markets throughout last week. The week began with bearish sentiment on the gas market with Brent crude oil and coal falling lower than the previous session, ultimately erasing any gains made early on in the session. Coal continued to trade downwards on Tuesday, with prices on the gas and power markets remaining mostly range-bound.

Exports to mainland Europe via the IUK Interconnector pipeline increased to help ease length in the system and to also help top up supply in mainland Europe due to the start of maintenance on the Nord Stream pipeline.

During the middle of week, strong coal and a weak Pound helped to lift NBP contracts. Weakness in Sterling lifts the British gas market as buyers dealing in Euros pay less to bring the same NBP volumes into mainland Europe.


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