|Market Close||Market Close|
|Gas prices moved down on Wednesday, following the overall energy complex, with power & carbon markets both weakening. Commodities continue to fall due to the effects of the Coronavirus, while a warmer weather outlook should weigh on gas demand.||Power prices followed their gas counterparts and traded down yesterday during a bearish session for energy markets. Warmer temperatures also weighed on the near curve, while renewables were almost unchanged.|
|Market Open||Market Open|
|The UK gas system has moved long this morning which has lifted the Day-Ahead contract; however, the rest of the near-curve has climbed higher, following stronger carbon and power.||Power prices have rebounded this morning, dictated by a rise in carbon and oil, with feedstocks also retracing some of their losses. Meanwhile, wind levels have dropped today but an improvement is expected tomorrow, weighing on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have opened higher but the overall trend remains bearish due to extremely weak global demand.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 31.92ppt and £38.80/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.