|Market Close||Market Close|
|Gas prices displayed further losses yesterday, with increases on coal, carbon and power markets having little impact. LNG send-outs remained strong with 4 more deliveries expected to dock in the UK over the weekend, while oil eased down in the afternoon, weighing on some far-curve contracts.||Power prices displayed mixed movement on Thursday with a drop in gas weighing on some contracts, while stronger coal and carbon supported others. A mild and windy weather outlook failed to have much control over the prompt which ended the session almost unchanged.|
|Market Open||Market Open|
|The UK gas system is oversupplied this morning as demand levels have decreased and supply is healthy. However, despite the long system, prices are almost unchanged as bullish resistance has been provided by a rise in other energy markets.||Fuel markets are on the rise this morning, with the exception of gas which has seen the majority of power contracts open higher. Weak gas prices should result in more gas-fired power generation this summer, despite increased renewable capacity, limiting the need for coal.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have softened slightly but the overall context is unchanged with traders focusing on US sanctions and OPEC production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity moved higher – closing at 46.00ppt and £52.65/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.