10th May 2019 | Market Analysis

Gas Power
Gas Market Close Power Market Close
The longer dated contracts traded lower yesterday, this is following a weakening of the carbon market which began reversing its session-on-session gains. Further downside was added as the Cal 20 coal contract softened over the duration of the day. All curve contracts tracked their equivalent NBP contracts and traded lower, with further downward pressure added by weakening coal and carbon market.
Gas Market Open Power Market Open
Most Gas contracts fell this morning across the curve as they have traded lower as both coal and carbon markets soften. The exception is the day-ahead, rising 0.25p/th to 37.25p/th, as the gas system is undersupplied amid a drop in Norwegian supplies. All power contracts reflected their gas counterparts. Day-ahead power gained £0.35/MWh to £46.75/MWh, as lower wind output is expected tomorrow. June 19 power has decreased by £0.72/MWh to £43.47/MWh.

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

Brent Summary

Brent continued to recover yesterday, rising $0.95/bl to $70.95/bl. Worries of deterioration in the US-China trade war were offset by concerns of a tighter market.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased– closing at 50.50ppt and £55.43/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 - 10-05-2019

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.