| Gas | Power |
| Market Close | Market Close |
| Gas prices moved down yesterday despite an under-supplied system at the start of the session, as a mild weather forecast, an increase in wind levels and weaker commodity markets offered bearish pressure. | Power prices decreased on Thursday as weak financial markets weighed on commodities. Wind levels were forecast to improve further which weighed on the prompt, while a warmer weather outlook pressured down the rest of the near-curve. |
| Market Open | Market Open |
| The UK gas system has opened balanced this morning which has helped to provide resistance to the bulls, with the help of a mild weather forecast. Meanwhile, oil markets continue to move down, while coal and carbon display minor gains, capping downward movement at the back of the curve. | Slight increases on gas, coal and oil markets have helped to support power prices this morning, although an increase in temperatures should weigh on demand, offsetting any gains. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have moved down as traders await the Russian response in regards to confirming 2019 production cuts; Brent currently trades around $60/b. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 59.15ppt and £58.13/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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