|Market Close||Market Close|
|Far-curve gas prices moved down during Friday’s session and ended the week with an overall loss; a drop in coal and carbon helped towards the downward trend. However, spot prices were largely bullish due to the colder weather forecast.||Most power prices displayed losses on Friday, taking direction from weaker gas. The prompt and some near-curve prices recorded a gain due to weak renewables and a colder weather outlook, while a drop in coal and carbon pressure down prices further out.|
|Market Open||Market Open|
|The UK gas system has opened long this morning, assisted by improved flows from Norway and the UKCS. Temperatures are also slightly milder, weighing on demand. Despite the oversupply, prices are slightly bullish this morning, supported by commodity markets.||A rise in feedstocks has offered support to power prices with the majority of prices displaying a small increase. Additional support has been provided by stronger coal and gas prices, while the cold weather outlook remains a factor.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices were slightly up on Friday and trade around $62.5/b this morning. Optimism regarding potential developments with US/ Chinese trade deals provided the support but an increase in US stockpiles offered resistance.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 44.25ppt and £49.70/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.