|Market Close||Market Close|
|A warm weather outlook across Europe weighed on near-curve gas prices yesterday, with some parts of the continent expected to see temperatures 7°C above the seasonal norm. A rise in LNG send-outs is also expected, while coal and carbon markets moved down, resulting in losses at the back of the curve.||Losses could be observed across the power curve on Tuesday with bearish pressure provided by weakening gas, coal and carbon markets. The mild weather outlook provided additional bearish pressure at the front of the curve, with improved solar availability also expected.|
|Market Open||Market Open|
|Bearish fuel markets and warmer weather continue to dictate the gas curve this morning, with some strong losses displayed at the front of the curve. Healthy wind and solar levels are also expected, making up for a weaker wind outlook. With the help of higher LNG send-outs, the supply/ demand outlook for the next fortnight looks comfortable across Europe.||Fundamentals are unchanged this morning with mild weather, strong solar and weak wind generation expected over the next two weeks. With no shift in the supply outlook, power prices instead followed weaker gas, coal and carbon prices, although the oil markets have once again turned bullish.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have increased by over $1/b since the start of yesterday’s session with direction coming from Hurricane Michael which could affect oil production on the Gulf coast.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 65.07ppt and £64.94/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.