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Chart of the Week

2019

Woah, we're half way there – H119 wholesale price review

Alex McGregor Consulting Analyst

Half way through 2019, we have seen prices across the wholesale power and gas market bottom out, and in this Chart of the Week, we explore some of the highlights from H119. Once upon a time not so long ago – recent lows Day-ahead NBP gas prices declined for the ninth consecutive month in June, dropping to a two-year low of 25.2p/th on 26 June, 58% lower than at the start of the year (60.6p/th). Near-term gas contracts have been pressured by an influx of LNG to the UK, with 82 tankers arriving in H119, up from 25 in H118 and a total ...

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