|Market Close||Market Close|
|Near-curve gas prices eased down, while the far-curve moved higher in the morning before gradually erasing the gains as the session progressed. Weakening on fuel markets helped towards the losses, in addition to a healthy/ supply demand picture.||Power contracts decreased on Thursday with direction coming from weaker gas, coal and carbon markets. A rise in oil prices limited downward movement further along the curve, while an expected rise in renewables today weighed on the prompt.|
|Market Open||Market Open|
|The UK gas system has opened balanced this morning but three LNG deliveries have docked in the UK resulting in losses at the front of the gas curve, with another three cargoes scheduled before the end of the month. Temperatures could drop slightly in the coming week but this failed to provide much support.||The power curve displays minimal movement this morning as coal and carbon markets continue to move in the opposite direction to oil. A cooler weather outlook for next week has offered some support to the near-curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices rose above $65/b yesterday, their highest levels in 2019 so far with direction coming from OPEC production cuts and US sanctions on Venezuela.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial decreased – closing at 52.42ppt and £53.93MWh, 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.