9th June 2017 | Posted by: Natalie Ivinson | Market Analysis

Gas Power
Market Close Market Close
Prices increased yesterday as concerns over Qatari LNG supply to Europe grew. Bearish oil prices had a smaller impact on the far curve. Power prices largely tracked the bearish NBP yesterday, but there were small gains on the near curve as wind generation fell slightly.
Market Open Market Open
Gas prices have risen again this morning, as a weakening pound and LNG news become the main drivers. The pound has lost value against the Euro following the UK general election, while the delayed arrival of LNG tankers into the UK adds pressure to supply. Power is taking support from the rising NBP market and weakening pound this morning. Rising coal prices are giving strength, despite falling oil prices limiting other bullish drivers.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary


Brent 1st-nearby prices continue to fall amid renewed tensions between Qatar and most of its neighbours. Worries about the rise in crude oil supply continue to prevail, despite the recent extension of the OPEC/non-OPEC deal to cut output.


1-year forward prices


Market close data has revealed that the 1-year forward price for commercial gas and electricity increased – closing at 43.43ppt and £43.40/MWh, respectively.


Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

Click to enlarge graph

Energy Price Graph - 09-06-2017

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