|Market Close||Market Close|
|An undersupplied system was the result of high demand and reduced flows yesterday which helped towards gains across the near gas curve. Further out, prices also moved higher, following rising coal, carbon and oil markets.||Sentiment on the power curve was unchanged yesterday and prices remained supportive. A short gas system and low storage levels, combined with low renewable power output and stronger commodities were the main market drivers.|
|Market Open||Market Open|
|Prices have eased down this morning, ending the week on a calmer note following a series of bullish sessions. An uptick in temperatures has helped the system move long, weighing on the near curve, while commodities have also taken a breather from their recent climbs.||A warmer weather outlook for next week has limited upward movement at the front of the power curve this morning, with expectations of improved wind generation also weighing on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has dropped back towards $68/b as markets again turn their attention to the Coronavirus situation in India. Cases continue to rise, with fears that the new strain could reach other parts of the world too.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity posted a slight gain, closing at 57.91ppt and £67.75/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.