|Market Close||Market Close|
|Far-curve gas prices decreased during Wednesday’s session due to weakening coal, carbon and oil markets. However, prompt prices moved higher on the back of a colder weather outlook which will lift demand levels.||Power prices were mixed yesterday as contracts at the front of the curve were pushed higher by an expected drop in temperatures. Meanwhile, the back of the curve followed falling gas, coal and carbon markets.|
|Market Open||Market Open|
|The system has opened balanced this morning as demand is slightly lower, Norwegian flows have improved and LNG send-outs are stable; as a result, near-curve gas prices moved down. Further out, prices are slightly bullish due to a rebound on fuel markets.||Fundamentals are little changed today, although Brexit proposals are having an impact on European stock markets. The higher demand forecast continues to limit any losses at the front of the curve, while a rebound for coal and oil has helped contracts on the far-curve stabilise.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a rebound following strong downward movement on Tuesday. Fundamentals are slightly healthier as OPEC have hinted towards significant production cuts next year.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 62.33ppt and £60.61/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
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