|Market Close||Market Close|
|Gas prices opened strongly yesterday as a revision to weather forecasts suggested that temperatures could remain below the seasonal norm for the next two weeks, resulting in higher demand. However, his bullish sentiment waned slightly as the session progressed.||Wind and solar levels were forecast to decrease today which helped the prompt add to its price during Tuesday’s session. Meanwhile the colder weather outlook contributed to gains across the rest of the near curve.|
|Market Open||Market Open|
|Gas prices are little changed from yesterday’s close, with some far-curve contracts displaying losses due to increased market liquidity following the Easter weekend. Temperatures are expected to turn slightly warmer for the remainder of the week, providing some bearish pressure at the front of the curve.||Power prices continue to strengthen this morning as below average temperatures are set to continue for the first half of April. Meanwhile, coal and oil markets have both rebounded, offering support to the far curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude displays a slight increase this morning as there is some optimism that OPEC’s decision to increase production cuts next month is an indication that demand levels are expected to rise.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity recorded a gain, closing at 48.51ppt and £59.13/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.