Energy Insight 2018 - Week 33

Your regular snapshot of the wholesale energy markets.

The fuels complex regained its control of both the NBP natural gas and UK Wholesale power markets last week, as intra-day rises in oil and week-on-week gains in coal dragged markets upwards throughout last week’s trading. The week began with further delays to works on a number of UKCS production assets, as maintenance on the SEAL pipeline and Elgin-Franklin field continued to curtail flows through the UK system.

In addition, Norwegian imports through the Vesterled pipeline fell to zero after a 5mcm/day outage at the Heimdal plant. These issues were resolved by Wednesday and capacity through the British network increased.

However, coal continued to trade bullishly for the rest of the week, whilst strength on the European carbon benchmark provided additional incentive for a rise in the UK’s utilities markets…


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