|Market Close||Market Close|
|Gas prices traded lower throughout Monday’s session with the help of an oversupplied system and a downward correction in oil. Coal, carbon and power markets also weakened in a bearish start to the week.||Power contracts followed coal, gas, carbon and oil yesterday and shed from their price. The prompt was the exception to the bearish sentiment due to a very weak wind generation forecast for today, combined with cooler weather and reduced solar availability.|
|Market Open||Market Open|
|The system has fallen short this morning but gas prices have opened lower, following power and carbon. Meanwhile, oil is on the rise and markets in Asia and the US are showing signs of recovery, offering support to global markets.||Power has found direction from weaker carbon this morning, with gas and feedstock markets also trading down. Oil has rebounded from yesterday’s losses, helped by recovering economies.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices decreased yesterday, correcting down from strong gains over the weekend. However, sentiment is expected to remain bullish following an agreement to extend production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 30.80ppt and £41.10/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.