|Market Close||Market Close|
|Gas prices moved down on Friday, with some contracts falling by around 10%. Temperatures were above the seasonal norm and supply levels were expected to improve this week, helping to weigh on the near-curve, while the far-curve was pressured down by weaker carbon and power prices.||Power prices followed their gas counterparts and moved down on Friday, with additional bearish pressure provided by weaker carbon. However, an expected drop in wind generation helped the prompt climb higher.|
|Market Open||Market Open|
|The UK gas system is 30mcm short this morning due to increased demand which has halted bearish movement on the gas-curve, with most prices showing little change from Friday. A rise in coal, carbon and oil markets has also offered some support to the far-curve.||The majority of power prices display small gains this morning, although the prompt has increased strongly due to a weaker renewable generation outlook. Milder temperatures have helped to limit upward movement on the near-curve, while the far-curve has followed stronger commodity markets.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display another increase today due to optimism in terms of the US and China striking a new trade deal; Brent currently trade around $65.2/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 38.13ppt and £44.65/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.