|Market Close||Market Close|
|Gas prices were largely unchanged for the majority of Wednesday’s session but ended the day with mixed changes. Falling oil had little impact on the far-curve, with coal and carbon also showing a decrease.||Power prices increased yesterday, with the prompt finding support from an expected drop in wind levels today. Although overall sentiment was bullish, gains on the far-curve were limited by weaker oil, coal and carbon markets.|
|Market Open||Market Open|
|The UK system is only slightly oversupplied this morning, with a drop in wind levels lifting gas-fired power generation. Fuel markets display minor gains which has limited bearish movement, as a result gas prices are generally flat.||Power prices display further gains this morning, all be it minor ones, with direction coming from fuel markets as oil, coal and carbon markets all trade higher. The prompt is the exception to the upward trend as wind levels are expected to ramp up again tomorrow and over the weekend.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices displayed another strong loss yesterday but display a small rebound this morning as Saudi Arabia announced its intention to support oil prices. Brent currently trades around $56.2/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity recorded a gain – closing at 47.55ppt and £53.95/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.