|Market Close||Market Close|
|Near curve gas prices decreased on Monday, taking direction from a balanced system. Overall demand levels remained low despite a drop in temperatures, while healthy renewables reduced gas-fired power demand.||Power prices eased down yesterday, following weaker gas, with coal and oil markets both closing lower. Wind and solar levels were also healthy, reducing reliance on gas which resulted in a loss on the prompt.|
|Market Open||Market Open|
|The system remains balanced this morning despite a rise in demand. Gas prices are little changed, with commodity markets offering mixed direction. Meanwhile, annual maintenance work in Norway will see flows re-directed from France and the Netherlands to the UK over the next week.||Power prices have opened slightly weaker as carbon and coal display minor losses and gas is stable. Cooler weather has lifted demand but renewables remain comfortable, limiting any bullish impact.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have inched higher this morning as Saudi Arabia has agreed to a further production cut of 1 million barrels per day in June.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss – closing at 31.27ppt and £38.35/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.