|Market Close||Market Close|
|Gas prices decreased yesterday with bearish pressure provided by a milder weather outlook and a busy LNG schedule. Overall energy markets also displayed losses, adding to the downward pressure.||Power prices were pressured down by weaker feedstocks yesterday, with an upward revision in temperatures for the Christmas period also contributing to losses. The global energy complex was generally weak and failed to offer any support.|
|Market Open||Market Open|
|The UK gas system is undersupplied this morning which has helped gas prices move higher, although the gains are relatively minor. Power and carbon markets are also trading higher, while short term fundamentals offer resistance to the front of the curve.||Power prices show some recovery this morning, following a rise in gas, coal and carbon markets. However, above average temperatures and healthy wind levels helped to limit the gains somewhat and the rebound is expected to be short-lived.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are generally stable at present as traders await further developments regarding OPEC production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 39.40ppt and £45.90/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.