15th May 2019 | Posted by: Natalie Ormerod | Market Analysis

Gas Power
Market Close Market Close
Gas prices mostly rebounded on the curve yesterday, which was oversupplied throughout the day despite an increase in exports to the continent through the Interconnector pipeline. The gains mirrored increases in oil, coal and carbon prices. Power prices tracked the gas market yesterday, falling on the spot market and gaining across the curve. Coal prices were supported by higher oil prices, while carbon prices climbed at the end of the day.
Market Open Market Open
The Gas system is long again this morning, as temperatures rise across continental Europe and wind and solar production increases. This is despite a drop in LNG send-outs. An expected drop in gas demand next week should weigh on near-curve contracts. The market is being led higher by early movement in carbon this morning. Coal prices are expected to stabilise but not rebound strongly. Overall there is a moderately bullish outlook for power prices today.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary


Oil prices have risen this morning, following losses yesterday as reports emerged that a Saudi pipeline had faced drone attacks. It remains on shutdown for precaution to assess for damage. Prices are expected to be volatile today amid possible growing global tension.


1-year forward prices


Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 50.52ppt and £53.98/MWh, respectively.


Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

Click to enlarge graph

Energy Price Graph - 15-05-2019

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