|UK markets were closed yesterday due to the bank holiday, while continental markets were also subdued. Oil and carbon markets displayed a loss, while Norwegian flows and LNG send-outs ramped up to balance the system.
|Power prices were unchanged yesterday due to the UK bank holiday, with European markets showing minor losses. Carbon fell by around €1, while coal and oil also decreased.
|The system is slightly under-supplied this morning, while coal, oil and carbon markets are trading higher. Gas prices have opened at a premium as a result, with the new front-month contract displaying a strong gain.
|Commodities, stock markets and EU currencies are trading higher this morning, offering support to UK energy prices. Solar levels have increased from last week while wind levels are set to improve, weighing 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 $45.3/b, with an increase in Chinese demand the only change in fundamentals reported this morning.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas moved higher, while commercial electricity displayed a small loss, closing at 37.75ppt and £48.02/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.