|Market Close||Market Close|
|Gas prices found support in the afternoon following a stable-to-bearish open. The gains were thought to be technical ahead of the November contract’s expiry, ignoring a drop in coal, carbon and oil.||Power prices moved higher during Thursday’s session, following bullish movement on the gas curve. However, an expected uptick in temperatures and improved wind generation helped to pressure down the prompt.|
|Market Open||Market Open|
|Gas contracts continue to add to their price this morning due to an unplanned outage in Norway which reduced supply into the UK. A milder weather outlook has helped to restrict the gains, with a healthy LNG outlook also providing resistance.||Power prices continue to find support from a rise in gas contracts which has been dictated by a tighter supply picture. Coal and carbon markets also display marginal gains which has helped to push far-curve prices higher.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have weakened further as the impact of the recent EIA report continues to dictate the market, with US stocks close to a record high.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity displayed a loss – closing at 45.08ppt and £49.73/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.