|Market Close||Market Close|
|Gas prices increased yesterday, finding support from a rise in oil which in turn, lifted coal, power and carbon. Overall flows were comfortable which helped to balance the system and keep a lid on near curve prices.||Power prices were pushed higher by an increase in gas, coal and oil on Thursday. Cooler weather also lifted demand, while renewable generation levels were little changed.|
|Market Open||Market Open|
|The UK gas system is slightly oversupplied this morning, although Norwegian maintenance continues to limit imports. However, oil continues to rise at the start of the session which has contributed to small gains on the gas curve.||Energy markets continue to take direction from bullish oil, with gains also displayed on feedstock and emission markets. Power prices have mirrored this upward trajectory at the start of the session.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby display their biggest increases for two weeks as the recent EIA report shows improved demand and significant production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 31.48ppt and £39.48/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.