| Gas | Power |
| Market Close | Market Close |
| Gas prices ended the session at a premium yesterday, ignoring the recent trend over the last two weeks. Bullish sentiment was provided by optimism surrounding the US/ Chinese trade deal which helped to support coal and oil markets. | Power prices moved higher yesterday, tracking upward movement on gas, coal, carbon and feedstocks markets. Wind levels were expected to drop slightly today which offered support to the prompt. |
| Market Open | Market Open |
| The UK gas system is undersupplied this morning, although the results in the UK election has helped the Pound strengthen significantly, resulting in losses on the gas curve. Meanwhile, a rise in coal, oil and carbon has helped to cap losses at the back of the curve. | The UK election has led to a sharp rise in the Pound, while the likelihood of China and the US reaching a trade deal has increased. As a result, power prices are stable-to-bearish, with little support offered by feedstocks. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have moved higher as the US has offered to cut tariffs on China by around 50% which could take effect next week. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 39.40ppt and £45.90/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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