|Market Close||Market Close|
|Gas prices were on the rise during Monday’s session due to a reduction in flows which led to an undersupplied system. Further support was provided by an expected drop in temperatures, while coal and oil markets also displayed small gains.||Power prices followed gas and carbon markets and moved higher yesterday. Temperatures are also expected to drop below the seasonal norm in the coming weeks which helped to lift the near-curve, with a tighter gas system limiting downward movement on the prompt.|
|Market Open||Market Open|
|Sentiment across the near gas curve remains bullish this morning, while contracts further out are mostly flat. The system has moved long due to a rise in Norwegian flows but the cold weather forecast for this month continues to provide support and commodities are up again.||A drop in feedstocks and improved gas supply has restricted some of the gains on the near-curve, although the prompt displays a strong increase due to weak renewables and a cold weather outlook. Further out, a rise in coal, carbon and oil has helped contracts open higher.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display further gains due to optimism surrounding Chinese/ US trade talks which would help to boost the global economy; Brent currently trades around $62.1/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss – closing at 46.25ppt and £50.50/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.