| Gas | Power |
| Market Close | Market Close |
| Gas prices rebounded on Thursday, with a rise in carbon offering support. A reduction in French nuclear output helped European markets move higher, as it could result in a greater reliance on coal and gas. | Increased carbon also helped to lift power prices yesterday, mirroring movement on the gas curve. Feedstocks climbed higher, although a windier forecast for today helped the prompt close lower. |
| Market Open | Market Open |
| Gas markets have been pushed higher by a rise in stock markets which has transferred across commodities. An easing of the lockdown in some countries has also stimulated economic activity, while the supply/ demand picture in the UK is healthy. | Sentiment is unchanged this morning with power prices showing gains, with coal, gas and oil all opening stronger. Meanwhile, carbon credits have opened €1 higher than their close, adding to the bullish trend today. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices are slightly supportive but any bullish movement is insignificant, OPEC efforts have been undermined by US production levels and demand continues to plummet. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 32.46ppt and £39.90/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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