| Gas | Power |
| Market Close | Market Close |
| Spot prices managed to recover on Thursday as buying interests re-emerged despite weaker supply/demand fundamentals and milder weather expectations for Europe. The main driver, oil, and an attack on an Iranian oil tanker in the Gulf near Jeddah. | Prices for power remained weak in spot markets across Europe and the UK on Thursday. Curve contracts were lifted by a jump in feedstocks, driven by the attack on the Iranian oil tanker. |
| Market Open | Market Open |
| European gas prices are expected to get support from a sharp increase in both EUA and oil prices. Gas is trading higher on most contracts this morning on the back of continued geopolitical concerns relating to oil. | This morning, spot prices are forced lower by bearish fundamentals. On the contrast, curve prices are being boosted as the fallout continues with all markets trading higher. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary As expected, improvements on the China-US trade talks have pushed Brent 1st nearby prices to the upper bound of $55-60/bbl range. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 49.65ppt and £52.40/MWh, respectively. |
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Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
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