Latest News

Energy Prices (Early April 2018)

Electricity:  

UK power imports could be reduced as France’s largest energy union has threatened three months of weekly strikes; these strikes are in support of striking railway workers protesting against public sector reforms and will affect a number of power plants.

The producers’ association says that UK oil and gas production is expected to increase by 5% this year – to 598 million barrels of oil equivalent (mboe). This is due to a combination of production efficiency improvements and new fields coming onstream.

Gas: 

A dent could be seen in LNG demand in Japan, currently the world’s largest LNG consumer, following the planned restart of several more nuclear reactors. This is expected to both improve global LNG availability and lead to more LNG cargos being sent to the UK. US and Eygiptian shipments are expected to arrive here in the next coming days.

All of Japan’s nuclear reactors were shut down following a tsunami in March 2011 which caused a nuclear meltdown at the Fukushima power plant.

Summary position:  

Oil $68.13barrel 

Coal $76.60/MT

EUA 18 €13.30/TCO2

Gas 46.80p/th Oct 18

Gas 44.70p/th Apr 19

Electricity £47.68/MWh Oct 18

Electricity £45.73/MWh Apr 19