|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.
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.
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.