|Market Close||Market Close|
|Gas spot and near curve prices closed lower on Friday, on the back of easing concerns over Qatari LNG deliveries into the UK. One of the two cargoes that was re-routed on Thursday looked set to arrive at South Hook via the Cape of Good Hope in early July.||Power prices also closed lower on Friday, despite a weakening pound throughout the day following the UK general election result.|
|Market Open||Market Open|
|Gas prices have fallen this morning, on the back of reducing LNG supply risk and an easing demand. The NBP system has opened long. Temperatures are cool today, but expected to increase above seasonal normal levels for the rest of the week.||Day ahead power prices have increased significantly this morning due to weak wind generation, while curve prices have fallen. Wind forecasts are indicating expected increases as low pressure affects northern regions. Solar production is expected to be relatively strong this week, adding a bearish factor to the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
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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.