|Market Close||Market Close|
|Gas prices were slightly bearish throughout Wednesday’s session with most of the losses displayed on the far-curve, while spot prices were largely stable. An upward revision in temperatures restricted bullish movement on the near-curve, despite a rebound in oil, coal and carbon.||Power prices were stable yesterday with fuel markets moving in opposite directions, providing mixed sentiment. Feedstocks decreased, while coal, carbon and oil displayed small gains. An expected rise in wind generation today helped the prompt record a significant loss.|
|Market Open||Market Open|
|The UK gas system has fallen short this morning despite strong supply levels and a drop in gas-fired power, residential demand has increased but milder weather is expected over the coming week which has weighed on prices. Meanwhile, coal and carbon markets are almost unchanged and oil displays a minor gain.||The power curve displays little movement once again with coal and gas markets moving down, oil trading higher and carbon opening flat. Milder temperatures are expected in the coming week but the wind generation forecast is low.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small increase this morning due to a drop in US inventories, in addition to comments made by OPEC which claimed demand for US shale gas is weaker than anticipated.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 43.28ppt and £48.37/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.