|Market Close||Market Close|
|Gas prices displayed additional losses during Tuesday’s session as overall fundamentals remained bearish. Small increases on coal and oil markets offered some support to the far-curve, while the Pound dropped later in the day.||Power prices were generally bearish yesterday although a few contracts managed to close at a premium. Windy weather helped to weigh on the prompt, while an expected rise in temperatures limited upward movement on the rest of the near-curve. However, a rise in coal and oil helped towards some gains further out.|
|Market Open||Market Open|
|The system is close to balance this morning and the short term weather outlook is mild, resulting in further downward movement at the front of the curve. Stable renewable power is also expected and LNG supply is healthy. Meanwhile, fuel markets show little movement and have failed to offer much direction to the far-curve||Power contracts have moved down this morning with direction coming from weaker gas, coal and carbon markets. The on-going situation surrounding Brexit could offer support today but the Pound has strengthened slightly from yesterday’s close.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a minor gain with no fresh factors dictating price movement at present, as OPEC production cuts continue to act as the main market driver.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 47.60ppt and £53.02/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.