|Market Close||Market Close|
|Gas prices were stable-to-bearish during yesterday’s session with fuel markets weakening further and the system close to balance. A drop in wind levels lifted CCGT demand which reduced available supply but a milder weather forecast limited the impact, with a busy LNG outlook also providing resistance.||Movement along the power curve was minimal on Tuesday as short term fundamentals were little changed. The far-curve ignored a significant drop in coal as the carbon market turned bullish.|
|Market Open||Market Open|
|Gas prices display little movement this morning, with some near-curve contacts recording minimal losses. Carbon and coal markets have rebounded slightly but oil continues to move down, providing mixed direction.||Day-ahead power has moved down this morning thanks to a rise in wind generation and the expectation of milder weather. However, the majority of contracts on the rest of the curve have moved slightly higher due to a rise in coal and carbon.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have decreased once again this morning as the latest API report showed that the drop in US production was not as high as initially forecast.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased slightly, while commercial electricity moved down – closing at 54.05ppt and £56.35/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.