|Market Close||Market Close|
|Gas contracts displayed mixed movement on Tuesday with the prompt adding to its price later in the session, while the far-curve displayed numerous losses. The UK gas system was short throughout the day which helped near-curve contracts move higher, while stable Brent helped contracts further out decrease.||The majority of power contracts decreased yesterday and tracked the movement of falling gas, with little support provided by the oil and coal markets. A healthy renewable generation forecast for today helped the day-Ahead contract shed from its price, although warm weather could result in a rise in consumption levels.|
|Market Open||Market Open|
|UKCS production continues to show an improvement this morning following Monday's outages, while Norwegian flows are also higher. The UK gas system is oversupplied as a result of this increase in flows, helped by weaker demand and the prompt has displayed a strong loss as a result. Movement further along the curve is generally stable with a rebound in oil prices offering some support.||Movement on the power curve is varied this morning with the Day-Ahead contract shedding from its price, while the far-curve is supported by volatile Brent. The prompt followed its gas counterpart which weakened on the back of an improved supply picture.|
Brent 1st-nearby prices posted a small gain yesterday in a generally quiet session of trading with a weaker US Dollar the main factor behind this increase.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas rose, while commercial electricity increased slightly - closing at 37.04ppt and £41.27/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.