|Market Close||Market Close|
|Gas prices moved down yesterday following bearish coal, oil and power markets. An oversupplied system also helped to weigh on the front of the curve as demand levels fell and Norwegian flows were comfortable.||The majority of power prices weakened yesterday, with no support provided by gas and with Brent and coal both posting losses. However, colder weather is expected for the second half of January, providing some resistance.|
|Market Open||Market Open|
|Gas contracts have stabilised this morning as bearish movement on commodity markets has slowed down. The system has also moved closer to balance and a drop in temperatures is expected later in the week, limiting any losses on the near-curve.||Biomass feedstock prices have increased this morning, while Brent has stabilised, limiting downward movement on the power curve. Temperatures are above the seasonal norm today but are expected to drop in the coming days, offering some strength to the front of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to display a bearish trend but have stabilised this morning. A global economic slowdown has weighed on commodity markets, with tax cuts proposed in China to help tackle the problem.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 56.95ppt and £57.75/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.