|Market Close||Market Close|
|Gas prices moved down on Thursday as overall fundamentals were bearish despite cold weather. Coal, power, carbon and oil markets decreased in Europe and supply levels were healthy, resulting in losses across the curve.||Power contracts closed at a discount yesterday with direction coming from weaker gas prices and an expected rise in temperatures next week. Further out, additional bearish pressure was provided by falling coal, carbon and oil markets.|
|Market Open||Market Open|
|Sentiment on the gas curve is unchanged this morning as the system is oversupplied thanks to healthy supply levels. A milder weather outlook has also weighed on the prompt, while commodity markets continue to weaken.||Temperatures for February have been revised upwards, contributing to downward movement at the front of the power curve this morning. Commodity markets also display further losses, with feedstocks, carbon and coal all shedding from their price.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have eased down due to concerns regarding Chinese PMI data and an industrial slowdown, countering the effects of a drop in production.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased slightly, while commercial electricity recorded a loss – closing at 54.65ppt and £56.48/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
Click graph to enlarge
If you would like to learn more about how Apollo Energy can help your business find the best deal on its gas and energy contracts then feel free to get in touch by calling us on 01257 239500 or using the form on our contact form.