|Market Close||Market Close|
|Gas prices continued to move higher yesterday, following a quiet start to the session. The expiry of the July & Q3 contracts resulted in increased trading, with carbon and power markets also closing at a premium.||Power prices found support from gas and carbon on Tuesday but settled down towards the end of the session. Meanwhile, the prompt was pushed higher by a stronger demand outlook.|
|Market Open||Market Open|
|Gas prices are slightly down at the front of the curve this morning, while the far curve is stable. The system is balanced, while coal, oil and carbon have moved in different directions.||Power prices have retraced yesterday’s gains somewhat, with carbon easing down and feedstocks opening unchanged. Weaker renewables and cooler weather continue to lift the prompt as gas holds a large share of the energy mix.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have dropped below $41.3/b and fail to show any strong movement in either direction. The oil market is currently caught in a stalemate between production cuts and concerns regarding the Coronavirus.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity moved slightly higher, closing at 32.30ppt and £43.98/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.