| 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.
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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. |
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