Energy Insight 2020 – Week 6

Your regular snapshot of the wholesale energy markets.

Strong fundamental drivers continued to push prices down on both the NBP natural gas and UK wholesale power markets last week, despite slight upwards movements across the curve on Monday and Tuesday. Expectations of milder than usual weather influenced strong selling pressure as the week progressed, even though an unplanned outage at the Kollsnes processing plant removed 30mcm of supply from the market on Friday. High wind generation allowed less system offtake for gas for power supply and continued LNG send-out kept the pressure up on the prompt, whilst a general weakness in the wider energy complex pushed far-curve pricing down…read more

 

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