European Gas Hub
No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
FREE TRIAL
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Gas Prices

UK gas and power insights – week 18

Editor by Editor
2 years ago
Reading Time: 1 min read
UK gas and power
Share on FacebookShare on TwitterShare on Linkedin

The June 2021 Gas price rose by 16.6% to 60.24p/therm last week as UK gas storage reaches critically low levels, currently sitting at 7.6% of capacity. With the UK gas system expected to remain short over the next few days there are concerns of gas shortages, which is driving up the price.

RELATED POSTS

European LNG imports

Europe’s LNG imports drop by 20%

24 hours ago
gas-prices

Review of last week’s global natural gas and LNG prices

4 days ago
Groningen gas

Groningen gas field’s long goodbye

1 week ago

The price of UK LNG has seen a significant rise as a result, with 18 shipments now expected over the next 7 days to maintain UK gas supply.

The June 2021 Power price also continued to climb significantly, gaining 11.3% to £69.68/MWh. The main drivers of UK power remain the meteoric rise of EU carbon and continued reductions in EU gas storage.

As gas shortages stretch across the EU, power providers have no choice but to use coal as a source of generation. The cost of carbon weighs far more heavily on, the more pollutant, coal-for-power generation. This cost is naturally passing through to the power market.

The Oct 2021 12 Month Gas price increased significantly last week, rising by 10.3% to 56.06p/therm. This is driven primarily by near-term price rises as the UK experiences a combination of very low storage and May weather expected to be far cooler than the seasonal norms.

The Oct 2021 12 Month Power price rose by 7.3% to £65.82/MWh, with continued, record-breaking, rises in the carbon market being the dominant driver. Additionally, the increasing percentage of the UK population being vaccinated and continued rises in UK energy demand will likely lead to increases in the price of power.

Source: BEOND GROUP

Follow on Twitter:

[tfws username=”Beondgroup” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: Beond GroupUK gas and power marketUK gas demandUK LNG prices
Editor

Editor

Related Posts

European LNG imports
Gas Prices

Europe’s LNG imports drop by 20%

24 hours ago
gas-prices
Gas Prices

Review of last week’s global natural gas and LNG prices

4 days ago
Groningen gas
Gas Prices

Groningen gas field’s long goodbye

1 week ago
European gas storage
Gas Prices

Ukraine emerging as largest driver for European gas storage

1 week ago
natural gas prices
Gas Prices

Review of last week’s global natural gas and LNG prices

2 weeks ago
TTF prices
Gas Prices

Australian strike worries still driving TTF price

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

European-industrial-gas-demand

European industrial gas demand shows signs of recovery

4 weeks ago
natural gas prices

Natural gas price benchmarks: markets tightened in August

4 weeks ago
TTF prices

Australian strike worries still driving TTF price

2 weeks ago
Load More

Recent Post

European LNG imports

Europe’s LNG imports drop by 20%

24 hours ago
gas-prices

Review of last week’s global natural gas and LNG prices

4 days ago
Groningen gas

Groningen gas field’s long goodbye

1 week ago
Load More

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • Other
  • Unconventional Resources

Recent Posts

Europe’s LNG imports drop by 20%

Review of last week’s global natural gas and LNG prices

Groningen gas field’s long goodbye

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Tuesday!

SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!