| Gas | Power |
| Market Close | Market Close |
| Gas prices climbed higher on Monday as weather forecasts point to a cold spell later in the month, while coal and carbon markets also increased. The larger gains were displayed at the front of the curve despite a long system. | Power prices displayed gains yesterday on the back of a colder weather outlook and a rise in biomass feedstocks. Traders moved to cover their short positions, while additional bullish pressure was provided by rising coal, gas and carbon prices. |
| Market Open | Market Open |
| The UK gas system has opened balanced this morning due to a drop in Norwegian supply, while LNG send-outs in Europe have also decreased slightly. Coal continues to climb higher, offering support to the far-curve, while Brent is almost unchanged. | Power contracts are marginally weaker this morning as carbon markets have settled down and oil continues to hold its price. Stronger coal remains a bullish factor at the back of the curve, while an expected drop in temperatures restricts downward movement on the near-curve. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices are little changed from yesterday’s open despite a brief rebound in the afternoon, however, prices soon corrected down and trade just above $70.1/b this morning. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 62.75ppt and £61.12/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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