|Market Close||Market Close|
|Gas prices rose for a fourth consecutive day, albeit with smaller gains on forward contracts. The Day-Ahead and two front months remained very strong.||Power prices made gains in the UK yesterday, following a similar pattern to gas.|
|Market Open||Market Open|
|This morning, the system is balanced, weather forecasts are warmer and flows remain stable. The general direction is sideways in early trade action.||UK power is slow to open this morning with bid/offer spreads wide around closing prices from yesterday. Sideways gas prices suggest little change day on day if carbon does not shed too much value.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have fallen overnight in line with the global markets as the US have put a ban on transactions with the Chinese apps We Chat and Tik Tok. Both economies are likely to take a hit with China likely to retaliate with bans on US technology.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas and commercial electricity increased, closing at 32.55ppt and £44.35/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.