10th May 2017 | Posted by: Natalie Ivinson | Market Analysis

Gas Power
Market Close Market Close
Despite higher-than-expected demand due to cool weather, European gas spot and near curve prices weakened yesterday, pressured by forecasts of higher temperatures in the coming days. Far curve Power prices were relatively stable yesterday, with coal prices falling marginally. Emissions prices did rebound during the session.
Market Open Market Open
UK Gas prices have risen this morning, on the back of reduced flows and falling oil prices. The system opened short as Langeled flows have reduced ahead of a full production cut tomorrow, resulting in drops in Norwegian flows to the UK. UK Power prices have also risen this morning, taking direction from the rising UK Gas prices. Carbon prices have also risen, providing support to the curve. There is a small French nuclear delay today; however wind levels are improving which is limiting any potential rises.

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

Brent Summary


Oil prices have increased this morning, as Saudi Arabia have suggested they will cut flows to Asia, as they face the battle against rising US production.


1-year forward prices


Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity has decreased – closing at 41.84ppt and £41.56/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 - 10-05-2017

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