|Market Close||Market Close|
|Advancements in terms of Brexit offered support to the UK gas curve on Friday, however, this also led to a rise in the Pound against the Euro, restricting some of the upward movement. Additional support was provided by a rise in coal and carbon.||Power contracts followed rising gas, coal and carbon on Friday, displaying gains across the curve. The likelihood of Brexit taking place ahead of the current deadline was also boosted, adding to the bullish sentiment.|
|Market Open||Market Open|
|Gas prices have eased this morning as developments in regards to Brexit stalled over the weekend. An undersupplied system and weak renewables have lifted the prompt but the supply forecast is healthy, weighing on the rest of the near-curve. The current undersupply has been caused by unplanned maintenance in Norway.||Power prices follow gas this morning, with the majority of contracts displaying a loss. Some strength was provided to the far-curve by a rise in coal and oil, while the prompt shed from its price as renewable levels are expected to improve tomorrow.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to strengthen due to tensions in the Middle East, with an Iranian oil tanker attacked near Saudi Arabia; Brent currently trades around $60.5/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 49.24ppt and £52.13/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.