|Market Close||Market Close|
|The April, Q-2 and Summer-19 contracts traded down before their expiry on Friday. The rest of the curve also decreased with direction coming from weaker coal and carbon markets, although the larger losses were seen on the power curve.||Far-curve power contracts fell on Friday, with bearish pressure provided by a drop in coal, gas and carbon markets. A slight drop in temperatures over the weekend and today helped to lift the prompt, but milder weather is expected in the middle of the week, while renewable availability should be around the seasonal average.|
|Market Open||Market Open|
|The UK gas system has opened 20mcm long this morning as demand is slightly lower and Norwegian & Russian flows into mainland Europe are strong. Gas prices have opened at a discount on the back of this healthy supply outlook, with milder temperatures and a rise in LNG send-outs expected this week.||Power prices display further losses this morning as gas, coal and carbon markets continue to ease down. Temperatures are also expected to rise later in the week, while an increase in wind levels has helped to weigh on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to trade below $68/b as although the overall trend is bullish due to OPEC cuts and Venezuelan/ Iranian sanctions, there has been no fresh news to support the market in recent sessions.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 46.95ppt and £50.80/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.