|Market Close||Market Close|
|Gas prices moved down on Friday, pressured down by a weakening oil markets which also transferred to carbon, coal and power contracts. Meanwhile, the prompt found support from a cooler weather and weak renewable power forecast for this week.||Near curve power prices traded higher, with a weaker renewable generation outlook and a cooler weather forecast helping the spot move higher. Further out, contracts followed a falling commodity market.|
|Market Open||Market Open|
|Gas prices have opened higher this morning, with a short system lifting the prompt and near curve. A drop in Norwegian flows and weak renewable generation has tightened supply, while a rebound in commodities has contributed to increases on the far curve.||Power prices continue to increase this morning, with bullish sentiment displayed across all energy and fuel markets. Tighter gas supply has limited any losses on the prompt but an expected rise in wind levels tomorrow has helped to weigh on the contract slightly.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade below $40/b today as the latest active rig count report in the US was higher than expected, while Donald Trump’s positive COVID-19 case has also impacted markets.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased slightly, closing at 37.91ppt and £47.06/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.