|Market Close||Market Close|
|Gas prices eased down yesterday with expectations of a drop in demand next week. LNG send-outs remained high with more deliveries expected to arrive in the UK as European countries take advantage of cheap Asian prices.||Temperature forecasts for next week were revised higher, while gas supply remained healthy yesterday, resulting in losses on the near power curve. Wind generation was also expected to improve today, helping the prompt record a sizeable loss.|
|Market Open||Market Open|
|Gas prices have decreased once again this morning, with next week’s milder weather forecast the main market driver. Cold temperatures have lifted demand levels to well above the seasonal norm but healthy flows have kept the system oversupplied. The wider commodity market has also decreased, adding to the bearish sentiment.||The prompt is down again as wind levels are expected to maintain their current levels over the weekend, while solar is also healthy for this time of year. Mild weather, a comfortable gas system and weaker fuel markets have also weighed on the power curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has deceased this morning after hitting technical resistance levels following strong bullish moves over the past week. Sentiment remains supportive but markets are taking a breather for now.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 46.09ppt and £56.12/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.