|Market Close||Market Close|
|Gas prices eased down towards the end of Wednesday’s session, with coal and power markets both weakening. Carbon and oil were more resilient, while healthy flows kept the system oversupplied.||Power contracts decreased yesterday, mirroring a drop in coal and gas. Wind levels were forecast to pick up today which will also reduce reliance on gas, weighing on the prompt.|
|Market Open||Market Open|
|The system has moved close to balance this morning as cooler weather has lifted demand in some parts of the UK. Despite this, gas prices continue to move down, following the overall energy complex.||Sentiment on the power curve is unchanged this morning, with coal & gas moving down and oil & carbon little changed. A rise in wind generation also contributed to another loss on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to trade around $43/b as oil fundamentals are unchanged from previous sessions.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity traded lower, closing at 33.53ppt and £45.08/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.