|Market Close||Market Close|
|Gas prices moved down on Thursday and continued to be dictated by the overall energy complex. Oil eased down along with global equities, which had a knock-on effect for coal and carbon.||Power prices decreased across the continent, following a drop in feedstocks and overall commodities. Global equities weakened due to the increase in Covid-19 cases in the US, while carbon continued its bullish start to July.|
|Market Open||Market Open|
|The system is slightly oversupplied this morning which has helped to weigh on the near curve. However, a cooler weather outlook and planned maintenance at facilities has offered support to some prices.||Overall sentiment is bearish, with coal, oil, gas and carbon all recording losses. The prompt has found support from a weak renewable generation and cooler weather forecast which will lift demand for gas.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent as dropped below $42.4/b as the Covid-19 situation in the US has offset any OPEC support.
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 33.08ppt and £44.80/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.