| Gas | Power |
| Market Close | Market Close |
| Gas prices continued to climb higher yesterday as sentiment has been little changed this week. Support was provided by demand levels which were 70mcm above the seasonal norm, while oil and carbon markets also traded higher. | Power prices track the movement of gas this morning and have opened strongly, with the prompt the exception to the bullish outlook due to a healthier wind generation outlook for the weekend. The rest of the curve is dictated by high demand and strengthening fuel markets. |
| Market Open | Market Open |
| Gas prices display significant gains this morning, with the Front-Month contract in particular showing a strong increase. Demand remains very high due to cold weather and a reliance on gas-fired power, lifting the near curve, while the far curve has followed rising commodities. | Brent Crude displays a minor increase this morning, stabilising somewhat after strong gains this week which were brought about by production cuts and a drop in US crude oil stocks. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent Crude displays a minor increase this morning, stabilising somewhat after strong gains this week which were brought about by production cuts and a drop in US crude oil stocks. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved higher, closing at 48.49ppt and £58.11/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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