|Market Close||Market Close|
|Gas prices inched higher on Monday, taking direction from the broader energy complex which was pushed higher by rising oil. A weaker Pound also helped towards the gains, although an oversupplied system capped upward movement on the near curve.||Power prices continue to follow other fuel markets, with gas, coal and carbon all opening higher. Renewable generation decreased as expected which has resulted in more gas-fired power, with a similar supply picture forecast for tomorrow.|
|Market Open||Market Open|
|The UK gas system is well supplied this morning despite a rise in gas-fired power demand. Despite this, gas contracts display further gains as the oil market remains bullish, supporting any corresponding markets.||Power prices continue to follow other fuel markets, with gas, coal and carbon all opening higher. Renewable generation decreased as expected which has resulted in more gas-fired power, with a similar supply picture forecast for tomorrow.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continued to climb higher ahead of talks between OPEC+ members, with Norway expected to join the negotiations about potential production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 33.40ppt and £40.53/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.