|Market Close||Market Close|
|Gas prices were generally stable yesterday and it was the only market not to show a clear bullish trend. Temperatures are expected to sit around the seasonal norm next week, if not a little below, limiting any downward movement at the front of the curve, while rising fuel prevented losses further out.||Power prices climbed higher on Monday, driven by a rise in coal, carbon and feedstocks. Temperatures were also forecast to turn colder over the next week and wind levels are expected to drop over the coming days.|
|Market Open||Market Open|
|The system is slightly undersupplied this morning but healthy LNG send-outs should see it move into balance as the session progresses. However, gas prices have been pushed higher by strengthening coal, power and carbon.||Power contracts continue to move higher this morning as fundamentals are unchanged. Coal and carbon have increased further which has led to a rise in gas, with oil the only market not to display gains today.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have rebounded slightly, taking direction from the overall global energy complex with most markets showing an increase. Bullish pressure has also been provided by comments made by officials in China in regards to supporting economic growth.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 51.10ppt and £54.80/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.