|Market Close||Market Close|
|Gas contracts added to their price on Friday, following bullish movement on overall energy markets. A rise in oil prices was the main driver of gas contracts, with a tighter supply picture offering additional support to the front of the curve.||Power contracts followed gas and feedstock prices and moved higher on Friday. An expected drop in temperatures offered further support to the near-curve, with weaker wind levels also expected at the start of this week.|
|Market Open||Market Open|
|The UK gas system has opened slightly undersupplied this morning due to a 30mcm drop in flows from Norway and a slight rise in demand. This has resulted in gains across the near-curve, while upward movement on the far-curve has been limited by a weak open for commodity markets.||Power prices have opened slightly higher this morning on the back of weaker wind generation and a colder weather outlook. A drop in oil has provided some resistance at the back of the curve, while coal & carbon markets are stable.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have opened lower this morning following strong gains on Friday, rising by over $2/b. Progress in regards to US/ Chinese trade talks provided the bullish pressure but strong US inventories continue to offer resistance.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 45.35ppt and £50.85/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.