14th April 2021 | Posted by: Daniel Birkett | Market Analysis

Gas Power
Market Close Market Close
Gas prices eased down yesterday as tightness on the system eased following a rise in LNG send-outs and an uptick in Norwegian flows. Meanwhile, the prompt displayed another gain as demand for gas-fired power was expected to remain high today. Day-Ahead power recorded a significant gain yesterday due to very weak wind levels, while the rest of the curve was generally bearish due to improved gas supply and a milder weather outlook.
Market Open Market Open
Gas prices have followed overall commodity markets and trade higher this morning, with oil showing signs of recovery once again. However, the system still remains tight due to scarce wind generation. Power prices display an increase this morning, with the exception of the prompt which has erased yesterday’s gains due to an expected rise in wind generation over the coming days. The rest of the curve follows gas and rising commodity markets.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent Crude prices are inching higher as demand forecasts have been revised upwards and output is limited. The gains are only minor at present but stronger bullish movement could occur over the coming weeks.

1-year forward prices

Market close data has revealed that the 1-year forward price for commercial gas decreased slightly, while commercial electricity recorded a gain, closing at 49.44ppt and £59.99/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

energy price graph - 14-04-2021

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.