| Gas | Power |
| Market Close | Market Close |
| European gas prices ended the week on a bearish note on Friday, pressured by forecasts of normal temperatures after a widely awaited cold snap in the coming days and weak oil prices. The UK system was comfortable thanks to high imports from Norway and the continent. | The majority of power contracts tracked the movement of weaker gas counterparts on Friday. Losses were seen on the prompt following a milder weather outlook for November and an expected rise in wind levels. A strengthening Pound contributed to sizeable losses on the far-curve. |
| Market Open | Market Open |
| The gas system remains long this morning, to a lesser extent than Friday, as heating demand increases due to cooler temperatures. A very erratic Power market could influence movements on the gas curve, while Power markets could also provide support in the short-term on the back of tight nuclear supply in France. | UK Power has again risen astronomically this morning, following a very tight system and a market which is still feeling the effects from the French nuclear outages. Largest rises are on the front end, with prices rising over 150 £/MWh; however there are considerable rises across the whole curve. |
|
Brent Summary
|
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.