29th August 2018 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close After the UK market was closed on Monday, prices rose, catching up with continental markets. Although the decision to suspend strike action planned for the 3rd September helped lower fears of supply. A lack of wind and nuclear power, slightly higher demand and rising fossil fuel prices all contributed to prices remaining at a high level. Further out, powe…
28th August 2018 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close Trading activity on the European gas markets was weak yesterday due to the UK market being closed. The bullish price trend continued as confirmed by trades on the continent. Increases on gas, carbon and coal markets boosted power prices again. Decreases in nuclear power availability, along with a lack of wind power also meant higher power margins. Marke…
24th August 2018 | Posted by: Lawrence Carson | Market Analysis
Gas prices have increased across the curve due significant moves on the carbon market. In addition flows from Norway have also decreased due to planned maintenance which has provided additional support to the front of the curve.
Gas prices climbed higher yesterday with Norwegian supply constraints continuing to offer support to contracts at the front of the curve. Maintenance at Kollsnes was initially expected to cut flows by 32.5mcm but this was been revised to 35.5mcm and will last until the 2nd of September. Meanwhile, bullish carbon and oil markets helped far-curve prices to increase.
Gas prices increased across the curve on Tuesday with direction provided by lower supply and stronger commodities. Ongoing maintenance in Norway limited flows into the UK, contributing to a short system, while bullish oil and carbon markets supported the far-curve.