| Gas | Power |
| Market Close | Market Close |
| Near-curve gas prices moved higher during Thursday’s session due to a tighter supply outlook; demand levels were pushed higher by colder weather, while additional flows into the UK were not forthcoming. Meanwhile, coal, carbon and oil markets continued to weaken, weighing on the far-curve. | Power prices mirrored gas yesterday, with upward movement at the front of the curve and losses further out. The prompt was one of the few near-curve contracts to move down due to an improved renewables forecast for today, while a drop in carbon contributed to losses at the back of the curve. |
| Market Open | Market Open |
| The UK gas system remains undersupplied this morning despite a rise in flows from Norway and increased LNG send-outs ahead of a number of deliveries. Despite weak supply, prices are stable, with on-going bearish pressure provided by falling commodity markets. | Colder weather and an expected drop in wind generation has helped the prompt climb higher this morning with the gains filtering through to the rest of the near-curve. Further out, sentiment remains slightly bearish as fuel markets display additional losses. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices showed a minor recovery yesterday afternoon but are now almost unchanged from yesterday’s opening price. Markets remain bearish, helped by low global demand and weak manufacturing data released in China. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 48.43ppt and £50.73/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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