|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.
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.
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.