|Market Close||Market Close|
|Gas prices displayed minor gains yesterday morning as trading re-commenced, however, prices moved down in the afternoon and ended the session practically unchanged. The supply/ demand outlook remained healthy, with lower demand, improved wind and comfortable LNG send-outs.||Mild weather and a drop in carbon helped to weigh on power prices during yesterday’ session. Wind levels were also forecast to remain healthy today, providing additional bearish pressure to the prompt, while there was little in the way of support at the back of the curve.|
|Market Open||Market Open|
|A rise in oil has transferred to gas markets this morning, with bullish pressure provided by air strikes in Iraq which killed a top Iranian general, potentially having significant impacts on oil transit in the area. The outlook in terms of fundamentals is little changed which has helped to limit some of the gains.||Power prices trade higher this morning as global energy markets have been dictated by a rise in oil following the killing of an Iranian general as a result of a US airstrike. Wind levels are also expected to drop at the start of next week, helping to lift the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have increased by around $3.3/b following a US airstrike in Baghdad – read the full story here.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 37.33ppt and £44.35/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.