| Gas | Power |
| Market Close | Market Close |
| Gas prices showed little movement during Thursday’s session with the exception of longer dated contracts which found support from a rise in oil and coal. A stronger Pound helped to cap upward movement on the rest of the curve, while supply fundamentals were unchanged. | Near-curve power prices eased down yesterday on the back of a mild and windy weather outlook. Contracts further along the curve were pushed slightly higher by an increase on coal, carbon and oil markets. |
| Market Open | Market Open |
| The UK gas system is slightly undersupplied but a milder weather outlook has helped to keep a lid on near-curve prices. An expected rise in LNG deliveries has also helped to apply bearish pressure to the curve, while commodity markets moved in different directions. | Mild weather should weigh on demand over the next fortnight and healthy wind generation will reduce reliance on gas-fired power, helping the prompt record a strong loss this morning. Further out, prices are generally stable as commodity markets show little movement. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices continue to show signs of recovery as concerns have eased in regards to the Chinese health crisis, with some remaining hope that OPEC production cuts might happen. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 29.98ppt and £39.31/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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