| Gas | Power |
| Market Close | Market Close |
| Gas prices increased throughout Monday’s session with Front-Month showing the most significant gain. A prolonged outage at the Nyhamna processing plant in Norway provided bullish pressure at the front of the curve, combined with weak renewables, while a rise in coal, carbon and oil supported the rest of the curve. | Power prices were pushed higher by rising gas and carbon yesterday, with the prompt receiving additional support from weak wind availability which increased reliance on gas-fired generation. Another rise in coal was also a bullish factor during the session. |
| Market Open | Market Open |
| The UK gas system is 18mcm short this morning as gas-fired power demand is high, LNG send-outs have dropped and Norwegian imports are restricted. This has resulted in further gains across the near gas curve, while the far-curve continues to follow stronger coal and carbon. | Movement along the power curve is more varied this morning but sentiment remains largely bullish. Weaker Brent has contributed to losses further along the curve, while carbon has eased slightly. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have weakened this morning with the on-going US/ China trade war a factor; Brent currently trades around $64.1/b. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 47.93ppt and £53.23/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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