|Market Close||Market Close|
|Gas prices closed slightly lower yesterday as the April-20, Q2-20 & Summer-20 contracts expired. Weaker demand also weighed on the near curve as the lockdown has reduced industrial consumption, while weaker coal and oil pressured down prices further along the curve.||Power prices were pushed down by the overall energy complex, with a sell off on coal and gas markets having a knock-on effect on carbon. An improved wind generation forecast for today also helped the prompt record a loss.|
|Market Open||Market Open|
|Gas prices have found support from a strong rebound in oil, with talks expected to take place between the US, Russia and Saudi Arabia with hopes that the current supply glut can come to an end. A drop in flows has also offered additional support to the front of the curve.||Power has followed other markets and climbed higher this morning, as contracts have been dictated by a jump in oil prices. The Coronavirus pandemic continues to pressure down financial markets but overall sentiment today is bullish.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices increased overnight as expectations of trilateral talks between the US, Russia and Saudi Arabia has offered optimism to traders.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas moved higher, while commercial electricity increased – closing at 30.76ppt and £36.98/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.