|Market Close||Market Close|
|Gas prices closed out Friday broadly unchanged in both the UK and on the continent. Commodities displayed mixed movement as oil fell, coal gained and carbon was unchanged.||Front end support from gas and low liquidity helped to produce gains for the UK power prices on Friday. The weather outlook continues to point towards a bullish sentiment as the demand for cooling increases.|
|Market Open||Market Open|
|Despite the system being oversupplied, gas prices have increased this morning. Warm weather is expected throughout the week ahead which should provide some resistance against further gains.||Day-ahead power prices gained strength from lower wind expectation and increased demand. Further out, gains of £0.80/MWh and £0.30/MWh were seen for October 20 and Winter 20, respectively.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade around $44.4/bl today. The increase in Coronavirus cases continues to threaten further lockdowns, reducing global demand.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas and commercial electricity increased, closing at 32.81ppt and £44.43/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.