|Market Close||Market Close|
|Continued warm weather and healthy supply resulted in a long system throughout Wednesday’s session, contributing to losses across the near curve. Imports from Norway and the UKCS were strong following maintenance, while LNG send-outs remained high due to numerous deliveries over the past month.||Wind levels were expected to increase strongly today, resulting in a loss on the prompt, while a healthy supply picture for gas helped to weigh on the rest of the near curve.|
|Market Open||Market Open|
|A colder weather outlook beyond the Easter weekend is expected to tighten the system and offer support to prices next week. However, sentiment is largely bearish this morning as the Q3-21 and May-21 contracts come into effect.||The prompt has climbed higher this morning as wind generation and temperatures are expected to drop over the weekend. Colder weather is also forecast for next week, offering support to the rest of the near curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has eased down ahead of today’s OPEC meeting when members will decide on production cuts for May. It is unclear what the overall outcome will be but most experts predict that current levels will be maintained.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 48.86ppt and £57.98/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.