|Market Close||Market Close|
|Gas prices displayed minor gains towards the end of Thursday’s session, finding support from a recovery on oil markets. A drop in flows provided additional upward pressure, combined with a stronger demand outlook for today.||Power prices inched higher yesterday, shrugging off some of the bearish sentiment provided by the current Coronavirus pandemic. Prices were instead dictated by a rise in oil, carbon and feedstocks.|
|Market Open||Market Open|
|The UK gas system is oversupplied this morning and flows have improved, this combined with a warmer weather forecast has helped to pressure down the near gas curve. Movement further out is more stable as coal and oil markets have eased down following strong gains.||Power contracts have opened marginally lower this morning, following weaker coal and gas, while carbon is unchanged. An expected rise in temperatures has also offset a drop in renewable availability.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have settled down this morning but remain bullish for the time being as the US President is set to meet with the CEOs of shale gas firms and key OPEC members over the coming days.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 30.86ppt and £37.60/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.