|Gas prices displayed mixed movements yesterday, hitting highs early on before dropping back down into negative territory as the day drew to close. Oil, coal and carbon were all trading down which imposed bearish pressure on the UK gas and power prices.
|Falling oil, coal and carbon prices applied downward pressure on the power markets yesterday. Losses were seen across the curve, with Nordic power being the only market to see any gains this week.
|Gas has opened near balanced this morning. Further out, there is potential for bullish pressure as temperatures falling at the end of the 15-day outlook could lift demand.
|Early trading shows mixed performances across the curve. The UK gas system is balanced which could spell a rise in power prices. Solar forecast is expected to drop in the coming days, if wind generation does not fill the void this could see gains across the prompt.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent crude prices fell yesterday afternoon as traders remain wary of the high geopolitical uncertainty around the world. Brent 1st-nearby prices trade around $44.5/bl today.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas and commercial electricity decreased, closing at 32.27ppt and £44.65/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
click 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.