|Market Close||Market Close|
|Gas prices decreased on Thursday as a result of weaker demand levels and improved LNG send-outs. Demand was pushed down by a rise in wind power, while LNG send-outs at the Dutch Gate terminal reached a 6-month high. Meanwhile, falling commodity markets continued to weigh on the back of the curve.||The global sell-off continued to impact the power curve yesterday, with falling fuel prices resulting in losses across the curve. The prompt moved down as Storm Callum was expected to create strong wind levels today. However, prices displayed some recovery in the afternoon, with carbon managing to end the session in positive territory.|
|Market Open||Market Open|
|Gas prices have rebounded this morning following slight increases on coal, oil and carbon markets. A drop in temperatures has lifted residential demand but CCGT demand remains low thanks to strong wind levels. LNG send-outs are comfortable as a number of deliveries are expected to dock in Europe this month.||Power prices trade slightly higher this morning as commodity markets continue to recover. Colder temperatures have also helped to support the front of the curve, with a weaker wind generation forecast for next week also a factor.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices displayed a further loss yesterday with global financial markets continuing to drive down commodities. The weaker economy has overtaken bullish factors such as stronger Chinese imports and disruptions caused by Hurricane Michael.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas posted a small gain, while commercial electricity decreased – closing at 64.50ppt and £61.68/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.