Energy Insight 2018 – Week 51

Your regular snapshot of the wholesale energy markets.

Trade opened bullishly at the beginning of last week, as fears over colder weather drove prompt prices up on both the NBP natural gas and UK wholesale power markets. The colder weather was expected to influence an increase in consumption above seasonal averages for the majority of the week. As a result, LNG send-out remained high and kept the system in length for every day of last week. However in spite of the ample supply, prices remained bullish as the weather outlook remained uncertain, as some forecasts showed warmer temperatures for week 51 and others showed colder predictions for week 52…read more

 

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