| Gas | Power |
| Market Close | Market Close |
| Movement along the gas curve was mixed yesterday as a revision in this week’s weather forecast pointed towards milder temperatures, however, weak renewable levels are expected to tighten to the system. | Wind generation was expected to improve today, combined with temperatures above the seasonal norm, resulting in a strong loss on the prompt. The rest of the near curve also eased down, while the far curve was pushed higher by rising commodities. |
| Market Open | Market Open |
| An oversupplied gas system helped to limit gains on the prompt and at the front of the gas curve this morning. An increase in LNG send-outs helped to offset the impact of a rise in demand, while imports via the BBL and IUK pipelines also remained strong. | Weak wind generation continues to offer support to the prompt; wind levels picked up slightly today but are expected to be very low again tomorrow. However, milder temperatures have provided some bearish pressure, while fuel markets have eased down temporarily. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent Crude has dropped back below $49/b as OPEC production cuts had only a brief impact on trading floors, with no fresh news to support the market. 1-year forward prices Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss, closing at 38.61ppt and £48.04/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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