|Market Close||Market Close|
|Gas prices displayed losses at the start of Tuesday’s session but recovered slightly in the afternoon, ending the day almost unchanged. Movement on commodity markets was also minimal, while the supply/ demand outlook remained the same.||Power prices decreased across the curve yesterday as renewables are expected to be comfortable over the coming week, while warm weather is forecast for the Easter weekend. Little direction was provided by fuel markets and any bullish sentiment was minimal.|
|Market Open||Market Open|
|Coal, carbon, oil and power markets are trading higher this morning which has transferred to the gas curve. However, a downward correction cannot be ruled out as trading activity will be reduced due to the upcoming Easter weekend. Meanwhile, the system is slightly short despite weaker demand as flows into the UK are down.||Temperatures have risen as expected and a rise in solar power has offset a drop in wind levels, resulting in further losses on the near-curve this morning. Prices further along the curve are more resilient as a rise in coal, oil and carbon has offered support.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Oil prices are back above $72.7/b due to stronger demand forecasts in China, while oil inventories in the US were lower than expected which should be confirmed in today’s EIA report.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity moved posted a loss – closing at 52.39ppt and £56.78/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.