|Market Close||Market Close|
|Gas prices increased on Monday, with support provided by a rise in demand which resulted in an undersupplied system. The Pound also weakened against the Euro which provided additional bullish pressure to the prompt.||Power prices also moved higher yesterday, taking direction from cooler weather and weaker renewable generation. However, a drop in coal and feedstocks provided resistance further along the curve.|
|Market Open||Market Open|
|The gas curve displays further gains this morning as higher demand continues to tighten the system and oil markets continue to recover. There is also some market positivity in regard to global economies as countries have started their preparations to end national lockdowns.||Renewable levels are very comfortable today but are expected to drop sharply tomorrow, helping the prompt move higher. Gas and oil markets also provide continued support.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade above $27/b as production cuts take effect and global economies start their recovery.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 30.50ppt and £38.80/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.