4th May 2017 | Posted by: Natalie Ormrod | Market Analysis

Gas Power
Market Close Market Close
NBP day-ahead prices were down yesterday after Tuesday’s rally, on the back of an increase in Norwegian flows and lower UK exports to Belgium. Forecasts of a cold mid-May and higher than normal seasonal demand were countered by increased LNG flows. Day-ahead power prices declined yesterday under improving supply conditions. News of nuclear units due to come back online in May had helped to hold prices down.
Market Open Market Open
UK gas prices have fallen across the curve today as the Kollsnes field has come back online and flows out of Langeled are stronger. Temperature forecasts remain unchanged which has softened demand, however liquidity on the market is low. Power prices have dropped across the curve, tracking the Gas NBP. Drops in European fuel markets have driven the downward correction, while Brent Oil and Coal prices have also fallen. Wind Power generation is expected to be high today.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Oil prices fell yesterday after a US stock report showed lower than expected decline in crude inventories and a rise in output. Weak Chinese industrial figures and a stronger US dollar are also weighing on prices.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 42.83ppt and £42.24/MWh, respectively.

Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

Click to enlarge graph

energy price graph - 04-05-2017

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