|Market Close||Market Close|
|Gas prices were provided with mixed sentiment yesterday as oil moved down, while coal strengthened; as a result far-curve prices ended the session with minor gains. Meanwhile, the front of the curve was slightly bearish as supply levels are expected to rise.||The power curve mirrored gas yesterday with rising coal helping towards some upward movement, with oil providing resistance. However, an expected improvement in gas supply and comfortable renewables helped to weigh on the front of the curve.|
|Market Open||Market Open|
|The UK gas system is close to balance and the forecast in terms of fundamentals (weather, supply and demand) are unchanged. Movement on the gas curve is mostly flat, as coal, oil and carbon markets have stabilised.||Power prices are provided with little direction this morning as fundamentals are unchanged and commodity markets are calm. The prompt is one of the few contracts to shift, showing a healthy gain due to an expected drop in wind levels and a rise in cooling demand next week.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby display another loss as US trading was closed due to Independence Day. The overall trend is largely bearish but the market is torn between weak global economics and OPEC production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 46.29ppt and £51.60/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.