Prices soften amid increased LNG delivery schedule
Gas prices continued to reduce at the NBP on Tuesday amid an increase in LNG deliveries.
Most contracts along the curve recorded modest reductions, with the front-end seeing the most notable movement.
The Winter-25 contract fell by just over 1p/th (0.034 p/kWh) compared to its previous settlement.
The latest shipping signals indicated that two LNG vessels docked at UK terminals within the past 24-hours, including the Maran Gas Amorgos which offloaded US volumes at the Isle of Grain.
Furthermore, two additional vessels are expected to arrive before the end of July, potentially easing supply concerns as the market approaches the winter season.
On the power side, baseload prices remained stable, with most contracts trading within a narrow range of their previous settlements.
A sharp drop in solar generation may have counterbalanced any downward pressure from increased LNG send-out.
According to National Grid, solar output fell by approximately 32% day-on-day, potentially heightening concerns over power supply reliability.
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Price commentary courtesy of Crown Gas and Power 