|Market Close||Market Close|
|The forecast for this week pointed towards temperatures above the seasonal norm which contributed to some downward movement on the near curve on Friday. A weak renewable outlook lifted the prompt, while a drop in oil weighed on the far curve.||The front of the gas curve was torn between the forecast of above average temperatures and low renewable generation. Gas and commodity markets also failed to offer direction and movement was largely mixed.|
|Market Open||Market Open|
|Gas prices are slightly supportive at the front of the curve and weaker towards the back. Lower renewable output has lifted demand for gas-fired power, while milder weather has offset the impact of increased home working in the UK.||Renewable generation is expected to be limited again tomorrow which has helped the prompt add to its price this morning. Milder temperatures have restricted gains on the rest of the curve, while commodities offer little in the way of the direction once again.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices were flat over the weekend, treading water around the $40/b mark, although gains cannot be ruled out this week following the result of the US election.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity was unchanged, closing at 38.32ppt and £46.18/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.