| Gas | Power |
| Market Close | Market Close |
| Gas prices dipped lower across the curve yesterday as weak demand and surplus supply balanced the system, while coal and carbon both moved down. Oil was the only market to trade higher but the gains were minor. | Power contracts were pressured down by weaker gas, carbon and coal, ignoring a slight rise in Brent. Weak demand limited upward movement on the near curve, while renewable generation was expected to hold similar levels today. |
| Market Close | Market Close |
| The UK gas system has fallen short this morning as Norwegian maintenance has impacted flows into the UK. Carbon and power markets have opened lower, while oil remains slightly bullish; this mixed sentiment has resulted in small gains on the gas curve. | Power prices find little direction this morning as movement on the gas curve is insignificant and commodities are generally flat. Gas-fired power demand is slightly higher but the energy mix displays no major shifts. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices remain slightly bullish but continue to hover around $30/b as weak global demand continues to provide resistance. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity recorded a loss – closing at 30.44ppt and £38.98/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' 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.