|Market Close||Market Close|
|Gas prices displayed little movement by the end of yesterday’s session after a mixed morning. Front-Month and Front-Quarter displayed small losses, while contracts further along the curve posted minor gains. Contracts continued to take direction from the overall European energy complex.||Power prices displayed losses yesterday with the front of the curve following their weaker gas counterparts. A healthier wind outlook helped to weigh on the prompt, while bullish coal, carbon and oil supported the rest of the curve.|
|Market Open||Market Open|
|The system has opened balanced this morning as supply levels are barely changed from yesterday. The prompt has moved down as improved renewables are expected tomorrow which will reduce gas-fired power demand, whereas, the rest of the curve has followed stronger fuel markets.||Power prices have moved down this morning as improved wind levels are expected tomorrow and the oil markets have eased down following strong bullish movement yesterday. However, coal and carbon prices have capped any losses at the back of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices reached a new 4-year high yesterday, climbing to $86.76/b but have since dropped to around $86.1/b as markets were overbought.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity moved down – closing at 69.74ppt and £64.65/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.