|Gas prices decreased on Wednesday with losses displayed across the curve. Carbon continued to shed from its price while coal weakened further, weighing on the far-curve. Meanwhile, supply levels remain healthy thanks to high LNG send-outs and strong imports into Europe.
|Weakening fuel markets weighed on the power curve yesterday with contracts following their gas counterparts. Coal continued to show strong losses, while an expected rise in temperatures and wind levels added to the bearish sentiment.
|The gas curve continues to display a bearish trend this morning, with a warmer and windier weather outlook pressuring down prices at the front of the curve. Further out, contracts continue to take direction from falling coal and carbon markets.
|The power outlook is unchanged today with no change to the short term weather forecast which should result in a drop in demand. Fuel markets also show no change, with coal and carbon continuing to move down, while oil is stable.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices remain stable following a mixed US stocks report, although on-going support is provided by OPEC production cuts, the Venezuelan crisis and issues surrounding Iranian oil exports.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity posted a gain – closing at 49.78ppt and £53.67/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.