10th September 2019 | Posted by: Daniel Birkett | Market Analysis

Gas Power
Market Close Market Close
Gas prices displayed mixed changes yesterday with a short system offering support to the near-curve at the start of the session, before balancing out in the afternoon and contributing to some losses. Further out, prices were pushed higher by stronger coal and oil. Power prices followed gas yesterday, displaying early morning gains then easing down later in the session. The prompt moved down as renewable availability was expected to rise today, while the far-curve was supported by a rise in coal.
Market Open Market Open
The UK gas system opened long this morning and contributed to downward movement on the near-curve at the start of the session. However, news of safety issues at French nuclear reactors resulted in a sharp rise in prices across the curve later in the morning, read more here. The majority of power prices displayed a loss this morning with downward pressure provided by a drop in coal and carbon. However, some prices have since followed gas and rebounded on the back of news surrounding French nuclear issues.

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

Brent Summary

Brent 1st-nearby prices have increased further as the Saudi Energy Minister has confirmed they will work with both OPEC and non-OPEC nations in order to support the market.

1-year forward prices

Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity posted a small loss – closing at 45.83ppt and £50.47/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

energy price graph - 10-09-2019

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