|Market Close||Market Close|
|Sentiment on the gas curve was similar to previous days, with contracts rising steadily on the back of a recovering oil market which has set the tempo for wider commodities and energy markets.||Like gas, power traded higher yesterday, adding to the gains recorded in the previous session. Bullish oil, carbon and coal were the main market drivers as demand for commodities is set to grow.|
|Market Open||Market Open|
|Gas prices continue to climb higher with rising oil markets continuing to dictate the global energy complex. Further support has also been provided by expectations of another cold spell towards the end of April, although the strong outlook for LNG send-outs provided some resistance.||Power contracts have added to their price once again, following rising commodities. Temperatures are expected to drop back below the seasonal norm towards the end of the month which also played a part in the gains displayed at the front of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has increased by around 7% this week as the global demand outlook continues to improve, with many economies recovering quicker than anticipated.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity displayed a gain, closing at 51.56ppt and £61.08/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.