|Gas prices moved lower ahead of May-20’s expiry, although oil prices continued to offer support and limited any losses. Coal also moved higher, while power and carbon traded down.
|Power prices displayed losses on Thursday, taking direction from a drop in carbon which was dictated by movement on the stock market. The prompt was also pushed higher by an expected drop in wind levels today.
|The UK gas system is undersupplied this morning due to colder weather and a rise in gas-fired power demand. The majority of prices have increased as a result, however, high storage levels and a flurry of expected LNG deliveries provided resistance.
|Power prices have followed gas and trade higher this morning, with support also provided by a rise in feedstocks and oil. Meanwhile, a number of bank holidays around Europe today and next week will limit trading activity.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to move higher thanks to OPEC led production cuts; Brent now trades around $26.5/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 30.27ppt and £38.65/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.