| Gas | Power |
| Market Close | Market Close |
| Gas prices initially moved down at the start of the session but quickly rebounded, ending the day at a premium. A cooler weather outlook helped to support the prompt, while the far-curve found support from bullish coal and oil. | Power prices followed rising gas, carbon and coal markets, although an expected rise in renewable generation capped any gains on the prompt. A cooler 14-day weather forecast provided bullish sentiment on the rest of the near-curve, while the far-curve followed the broader energy complex. |
| Market Open | Market Open |
| Norwegian flows into Europe have fallen by 15%, resulting in significant gains at the front of the gas curve this morning as the system is undersupplied. The drop in supply came as a surprise with no news of any outages, while commodity markets continue to offer support further along the curve. | A rise in gas prices has resulted in significant increases at the front of the power curve this morning. A drop in gas supply has resulted in bullish movement across European markets but gains on the far-curve are less prominent thanks to a drop in carbon. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1-st nearby prices again show little movement as market sentiment remains supportive, although no new factors have been introduced to result in strong upward movement. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased strongly – closing at 50.95ppt and £55.02/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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