| Gas | Power |
| Market Close | Market Close |
| Gas prices moved down by Friday’s close, ending a week that showed no clear trend. Early morning support was provided by a rise in oil, power and carbon prices, while short term fundamentals pointed towards a weaker demand outlook for this week, weighing on the near-curve. | Power prices decreased on Friday following a bullish opening, although losses were limited by a rise in coal and carbon. Wind levels were expected to increase significantly today, while temperatures over the coming week should be around the seasonal average. |
| Market Open | Market Open |
| The UK gas system is oversupplied this morning as a rise in wind generation has seen a sizeable drop in gas-fired power demand, while LNG, Norwegian and Dutch flows are strong. As a result, gas prices display further losses, with coal and oil markets also moving lower. | Power contracts have followed gas, coal & carbon markets and moved down this morning. A windier and milder weather outlook has also helped to pressure down the prompt, with the losses filtering through to the rest of the near-curve. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have eased down slightly following some strong upward movement last week, with a drop in global oil production providing on-going support to the market. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 53.18ppt and £56.80/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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