| Gas | Power |
| Market Close | Market Close |
| Gas prices moved down on Friday on the back of a mild weather forecast for this week and a considerable drop in APi2 coal prices. An unplanned outage at the Rough storage facility helped contracts move higher earlier in the session, while a weak LNG outlook also restricted some of the downward movement. | Following a bullish opening, power prices moved down in the afternoon on the back of losses on the coal and gas markets. Milder weather over the weekend and a stronger wind generation forecast for this week helped to weigh on the prompt, with the losses filtering through to the rest of the near-curve. |
| Market Open | Market Open |
| Gains can be seen across the gas curve this morning with a downward revision in temperatures for the second half of January offering support; temperatures could be as much as 5 °C below the seasonal norm in some parts of Europe. However, demand levels are currently 20% lower than Friday and the gas system has opened long, restricting the increases on the prompt. | Following a bullish opening, power prices moved down in the afternoon on the back of losses on the coal and gas markets. Milder weather over the weekend and a stronger wind generation forecast for this week helped to weigh on the prompt, with the losses filtering through to the rest of the near-curve. |
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Brent Summary Brent 1st-nearby prices are little changed from Friday, displaying a loss of $0.17/b to trade at $56.83; bearish sentiment has been provided by lower rig counts in the US and Iran. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased - closing at 47.75ppt and £47.68/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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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.