|Market Close||Market Close|
|Gas prices decreased on Tuesday with a rise in Norwegian flows and a drop in exports contributing to an oversupplied system. Oil prices also stabilised, while coal and carbon markets eased down, applying bearish pressure to the far-curve.||Movement on the power curve varied yesterday but the gains outnumbered the losses. An expected drop in wind levels helped to support the prompt, while some contracts at the back of the curve followed weaker coal and carbon prices.|
|Market Open||Market Open|
|Gas prices continue to move down this morning despite a drop in supply which has sent the system slightly short. Instead, gas contracts have found direction from softer coal, carbon and power markets.||Power prices have opened flat this morning with little direction provided by fuel markets as oil and coal markets have settled down. Meanwhile, an expected rise in wind generation tomorrow has resulted in a weaker prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices stabilised yesterday following a significant increase on Monday; overall sentiment is unchanged with traders waiting to see the severity of the drop in Iranian output.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity was unchanged – closing at 68.18ppt and £65.96/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.