|Market Close||Market Close|
|Gas prices moved down during Thursday’s session although the losses were minor. The overall European energy complex was slightly bullish but healthy supply levels and a weaker demand forecast weighed on the gas curve.||A milder weather and stable renewable generation outlook helped near-curve power prices ease down yesterday. Further bearish pressure was provided by a drop in gas prices, although most European markets strengthened, offering resistance.|
|Market Open||Market Open|
|The UK gas system has opened balanced this morning as supply levels are strong, making up for a rise in gas-fired power generation. Oil prices also provide little direction and coal continues to move down, resulting in minimal movement along the gas curve.||Coal and oil markets have weakened this morning, while carbon has stabilised, limiting movement on the far-curve. Meanwhile, prices at the front of the curve display small gains as cooler temperatures are expected over the weekend.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices weakened overnight erasing some of the gains recorded yesterday afternoon. The overall context is unchanged with OPEC, Venezuela and Iran the main driver of prices currently.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas recorded a small gain, while commercial electricity moved down – closing at 50.00ppt and £53.60/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.