|Market Close||Market Close|
|Movement along the gas curve was mixed yesterday with colder weather and weak wind generation lifting demand levels which resulted in gains at the front of the curve. Meanwhile, some losses were recorded at the back of the curve following a sharp decrease in EUA prices, ahead of fears that the UK could leave the EU ETS.||Power prices initially opened higher but were pressured down by a drop in carbon due to fears of a no-deal Brexit. Bullish sentiment was provided by a cold weather outlook but this wasn’t enough to help near-curve contracts add to their price.|
|Market Open||Market Open|
|Gas prices display minor gains this morning as the 10-day weather forecast has been revised down which will lift demand for heating. Further out, coal, carbon and oil markets have stabilised and have failed to provide much resistance to the bulls.||Power prices have increased this morning with cold temperatures and a rebound in carbon helping towards gains across the curve. However, the outlook for this week is expected to remain volatile with financial markets remaining uncertain.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices show little change over the last 24 hours despite a lot of intra-day movement yesterday. Concerns regarding Middle Eastern supply remain the main market driver but resistance has been provided by weak demand forecasts and a rise in shale production.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased strongly – closing at 65.14ppt and £59.50/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.