|Market Close||Market Close|
|Gas markets were closed on Friday due to the Easter Bank Holiday, with only Brent Crude continuing to trade over this period. OPEC+ agreed to cut production by 10M BBL/ day, although traders wait to see if Texan and Norwegian producers will agree to similar terms.||Power markets were closed over the Easter weekend, ending Thursday’s session lower ahead of an expected rise in temperatures and wind levels.|
|Market Open||Market Open|
|Gas prices have opened lower this morning, with oil only showing a minor increase and coal moving down. An undersupplied system has also limited losses on the near curve but warm and windy weather should reduce demand this week.||Power prices have followed gas, carbon and coal this morning, opening at a discount. Improved temperatures and stable renewable generation has also contributed to downward movement.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are stable despite the decision to cut production across numerous countries. The reaction was muted as the expected drop in demand will far outweigh the current proposals.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 32.10ppt and £39.73/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
Click graph to enlarge
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.