6th March 2019 | Posted by: Daniel Birkett | Market Analysis

Gas Power
Market Close Market Close
Gas prices moved down across the curve on Tuesday with the help of a large drop in coal prices, while carbon also decreased for the first time in eight days. Healthy LNG send-outs continue to weigh on the near-curve, combined with comfortable flows into mainland Europe from Norway & Russia. Tuesday saw a decrease in power prices with direction coming from falling coal, carbon and gas markets. The wind outlook for this week is also healthy which will reduce demand for more expensive gas-fired power.
Market Open Market Open
Gas contracts display further losses this morning as fundamentals are almost unchanged. Coal and carbon markets continue to ease down, while supply levels are strong and warmer, windier weather is expected later in the month. Coal displays a further decrease this morning and the gas market remains bearish, contributing to more losses along the power curve this morning. Wind levels increased as expected and should remain healthy for the coming days, pressuring down the front of the curve.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent 1st-nearby prices showed little movement yesterday and currently trade around $65.9/b, with bearish API figures limiting the gains.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 50.35ppt and £53.48/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

energy price graph - 06-03-2019

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