|Market Close||Market Close|
|Gas prices eased down across the curve on Monday with a milder weather outlook weighing on contracts at the front of the curve, helped by a long system. Meanwhile, a drop in coal and carbon offset the effects of rising Brent, resulting in losses further along the curve.||Power prices moved down as the overall energy complex was bearish yesterday with gas, coal and carbon all posting a loss. Wind generation improved as expected and similar levels were forecast for today, helping the prompt shed from its price.|
|Market Open||Market Open|
|Weather forecasts are uncertain at present with recent revisions again pointing towards a cold end to the month which has offered support to prompt gas prices this morning. Oil continues to move higher, while coal and carbon remain bearish, capping upward movement on the far-curve.||Oil prices remain bullish but have stabilised this morning, however, Brent’s upward trajectory continues to offer support to gas which has transferred to the power curve. The front of the curve has been dictated by a colder weather outlook and an expected drop in wind levels tomorrow, resulting in gains.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small gain this morning as oil markets remain bullish as a result of OPEC cuts and optimism surrounding on-going negotiations between the US and China to end the current trade dispute.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity moved down – closing at 57.93ppt and £58.69/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
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