| Gas | Power |
| Market Close | Market Close |
| Gas prices fluctuated throughout Friday’s session as bearish pressure was provided by coal and carbon, while oil displayed a rebound which supported contracts in the afternoon. Meanwhile, the supply/ demand outlook was unchanged, offering little direction to the prompt. | Power prices were pressured down by weaker coal, gas and carbon markets on Friday, ignoring gains on the oil market. However, weak renewables limited any losses on the prompt, although a rise in wind production was expected this week. |
| Market Close | Market Close |
| The UK gas system is 23mcm long this morning as Norwegian flows are back to normal following maintenance, with a rise in wind levels also reducing gas-fired power demand. Prices have stabilised this morning as coal and oil prices continue to move in opposite directions. | Power prices display small losses this morning with some downward pressure provided by a drop in carbon, while improved wind levels have weighed on the prompt. Temperatures are expected to be around the seasonal norm this week and gas supply is normal, adding to the bearish sentiment. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
|
Brent Summary Brent 1st-nearby prices rebounded on Friday but are trading down again this morning due to weak global demand. The US are expected to place further tariffs on Chinese goods which added to the uncertainty. Elsewhere, Iran have announced that they have seized another oil tanker which is thought to have been smuggling fuel. 1-year forward prices Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity moved higher – closing at 48.63ppt and £55.12/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.