|Market Close||Market Close|
|Gas prices fell towards the end of Friday’s session, following losses on coal and power markets. Oil and carbon ticked higher and offered resistance but overall movement remained bearish.||Longer dated power contracts traded down at the end of last week, while prompt prices remained supportive. Weaker feedstocks outweighed the impact of stronger oil and carbon, with weak renewables lifting the Day-Ahead contract.|
|Market Open||Market Open|
|Demand is unchanged this morning and Norwegian flows have increased, sending the system long. However, coal and carbon have opened the week higher, helping to lift prices across the curve.||Power contracts are bullish this morning, pushed higher by a rise in EUA contracts, with coal and gas also displaying increases. An expected rise in wind levels tomorrow has weighed on the prompt but the overall renewable outlook is weak over the next 5 days.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade above $43.2/b this morning, with OPEC production cuts and positive comments by the IEA offering support.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 33.62ppt and £45.35/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
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.