| Gas | Power |
| Market Close | Market Close |
| Gas prices displayed strong losses at the front of the curve, with the front-month hitting its lowest level for a number of years. Mild temperatures, full storage and a healthy LNG outlook heavily weighed on the gas curve, while fuel markets provided little direction to longer dated contracts. | Power prices weakened across the near curve on Wednesday as wind levels were strong and temperatures were mild. However, some gains were recorded further along the curve due to a rise in coal. |
| Market Close | Market Close |
| The UK gas system is balanced this morning as flows from Norway have increased slightly and temperatures remain mild. As a result, gas prices have decreased further, while fuel markets are still static. | Sentiment across the power curve is stable-to- bearish this morning with little direction provided by fuel markets. Renewable generation levels are little changed, while demand is lower due to milder temperatures. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices are almost unchanged from yesterday’s open as fundamentals are mixed, however, overall sentiment on oil markets is bearish. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 49.28ppt and £51.78/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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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.