|Market Close||Market Close|
|Gas prices eased down yesterday with the larger losses seen at the front of the curve. Regular LNG deliveries and a mild weather outlook contributed to bearish sentiment, while weaker oil, coal and carbon weighed on the back of the curve.||Power prices displayed mixed movement yesterday with bearish pressure provided by falling gas prices. Coal and carbon markets initially opened higher but weakened throughout the session, erasing some of the morning’s gains.|
|Market Open||Market Open|
|The UK gas system has opened slightly short this morning but the supply outlook remains healthy with a further 3 LNG deliveries expected this week. Meanwhile, coal, power and carbon markets continue to move down and the Pound has strengthened, contributing to minor losses across the curve.||Power prices display slight decreases this morning with direction coming from weaker feedstocks and a milder weather outlook. Gas is also slightly bearish, while coal and carbon display additional losses, pressuring down the back of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to move down, trading just above $65/b, close to their weekly low. Despite some support provided by optimism in regards to US/ China negotiations, prices continue to take direction from falling production.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, commercial electricity moved higher – closing at 51.01ppt and £54.31/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.