|Market Close||Market Close|
|Gas prices were pressured down by weakening across the broader energy complex yesterday. Oil, coal and power all traded lower, with only carbon posting a gain. The system was oversupplied throughout the session which helped to weigh on the prompt.||Power prices displayed heavy losses on Wednesday, ignoring gains on carbon markets and instead taking direction from weaker coal and gas. Meanwhile, wind generation was set to improve further today which weighed on the prompt.|
|Market Open||Market Open|
|Gas prices have opened slightly higher this morning with the help of a recovery on global stock markets. The system is balanced at the start of the session, with a rise in wind levels reducing gas-fired power demand, while flows are stable.||Power prices are largely stable across the curve this morning as carbon markets are flat, while oil & coal are slightly bearish. Renewables are expected to decrease slightly tomorrow which has helped the prompt record a small gain.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices displayed a significant loss yesterday and trade around $44.4/b this morning, pressured down by a stronger US Dollar. However, the latest EIA report published mostly bullish data.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 36.57ppt and £48.81/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.