|Market Close||Market Close|
|Gas prices recorded losses on Monday, with milder weather, reduced gas-fired power demand and an improved LNG outlook heavily weighing on the prompt, with the downward sentiment transferring to the rest of the near-curve. Meanwhile, fuel markets were generally bearish, limiting any upward movement on the far-curve.||Power prices were pressured down by gas yesterday, although the prompt found direction from increased wind levels and milder weather. The rest of the near-curve moved down on the back of the healthier supply picture, while fuel markets failed to offer any support to the far-curve.|
|Market Open||Market Open|
|The UK gas system has opened balanced this morning, as Norwegian flows and LNG send-outs have decreased as operators have restricted them due to a drop in demand. Gas prices are generally flat as commodity markets show little movement.||Power prices display a slight rebound this morning as commodity markets are showing a minor recovery. However, short term fundamentals are unchanged and the prompt displays a small loss; wind levels improved further today and similar levels are expected tomorrow.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby were slightly bearish yesterday but fell towards their opening price by the end of the session; optimism regarding Chinese/ US trade talks helped to weigh on prices but currently looks like one of the many false dawns we have seen this year.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 48.33ppt and £51.05/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.