|Market Close||Market Close|
|Carbon credits increased by over €2 yesterday which helped to lift energy markets, including gas. Coal and oil markets were mostly flat but gas contracts followed their power counterparts, with a weak renewables outlook lifting the prompt.||Power markets found strong support from a rise in EUA carbon credits during Monday’s session. Oil and coal were practically unchanged, while warm temperatures and weak renewable generation forecasts resulted in a gain on the prompt.|
|Market Open||Market Open|
|Gas prices display minor gains this morning, with coal and oil markets continuing to offer little in the way of direction. Meanwhile, the prompt has moved down with an expected rise in wind & solar availability tomorrow.||Power prices are stable-to-bearish this morning as upward movement on carbon markets has calmed. Overall commodity markets are mostly flat but a cooler and windier forecast for tomorrow has helped to weigh on the near curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a minor loss with no new factors in play to support the market; Brent currently trades around $39.6/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity recorded a gain, closing at 36.35ppt and £48.83/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.