|Market Close||Market Close|
|Gas prices were on the decline yesterday with sentiment provided by the overall weakening of European fuel markets. Gas displayed stronger losses than their power counterparts due to a sharp drop in carbon prices, with oil also showing a strong downward correction.||Power contracts shed from their price on Thursday with downward pressure provided by falling carbon, coal, gas and oil. An improved wind generation forecast for today helped the prompt move down, while a milder weather outlook for next week was also a factor.|
|Market Open||Market Open|
|The gas curve continues to display a bearish trend this morning with a long system helping towards price drops at the front of the curve. Coal, carbon and oil markets have weakened further, while supply from Norway and Russian remains healthy.||Further losses can be observed across the power curve this morning as gas and European fuel markets continue to inch lower. Oil is the only market to show some upward movement following a strong downward correction yesterday.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have displayed strong movement this week and recorded a significant loss yesterday due to a rise in OPEC output. Talks between the US and China in regards to trade deals are also unlikely to take place any time soon following comments made by Donald Trump.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & while commercial electricity decreased – closing at 68.07ppt and £65.20/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.