|Market Close||Market Close|
|Gas prices moved slightly higher on Tuesday, following upward movement across the broader energy complex. Carbon moved down following strong gains on Monday, while a healthier demand outlook weighed on the prompt.||Power contracts traded down yesterday, following a downturn in carbon. Commodities were generally supportive, while a cooler and windier weather outlook weighed on spot prices.|
|Market Open||Market Open|
|The UK gas system has opened balanced due to a drop in imports from Norway, offering support to the near curve. Contracts further out, were pushed higher by an increase in coal, oil and carbon.||Power prices have followed coal, carbon, gas and oil markets which have all opened higher. Meanwhile, new EU carbon targets are expected to be imposed by Brussels which is expected to dictate power prices in the coming months.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have climbed above $40.5/b due to disruptions to US production which will help ease storage capacity concerns.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity recorded a loss, closing at 35.63ppt and £48.12/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.