|Market Close||Market Close|
|Gas prices displayed mixed changes during Monday’s session with the broader energy complex moving in different directions. Wind levels were forecast to remain low today, increasing reliance on gas-fired power and supporting the prompt.||The UK gas system has fallen short this morning, while oil and coal markets have rebounded higher. This has resulted in gains across the gas curve, with weak renewable power continuing to lift demand.|
|Market Open||Market Open|
|The power curve was largely bearish yesterday, despite a rise in gas and oil. Weak wind generation helped the prompt climb higher, with no major improvement expected over the next couple of days.||Power contracts have been pushed higher by a rise in coal, gas and oil this morning. However, a slight rise in renewable availability tomorrow has weighed on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have climbed back towards $40/b as OPEC production cuts are having the desired effect. New cases of COVID-19 continue to worry financial markets but oil markets are supportive for the time being.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss, closing at 30.15ppt and £40.28/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.