| Gas | Power |
| 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.
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Brent Summary 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. |
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