|Market Close||Market Close|
|Gas prices were volatile during Tuesday’s session, opening higher on the back of an undersupplied system, before tracking the carbon market in the afternoon and posting losses. Oil markets were stable, while coal and power eased down||Power prices moved down or were unchanged yesterday, with a €1 loss for carbon providing bearish sentiment. An expected rise in wind levels today and stable solar power helped the prompt record a loss.|
|Market Open||Market Open|
|The UK gas system has opened long this morning due to a rise in storage withdrawals. Gas prices are slightly bearish but movement is minimal, with a rise in oil capping downward movement at the back of the curve.||Power prices have opened slightly down, with little support provided by gas, while carbon, oil and coal are mostly flat. Wind levels have more than doubled and are forecast to strengthen further, resulting in another loss on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices recorded a small gain yesterday and trade around $45.5/b. Markets are generally flat this morning, with production in the Gulf of Mexico still recovering from recent shutdowns.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity recorded a minor gain, closing at 35.30ppt and £48.06/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.