|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.
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.
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.