17th July 2017 | Posted by: Catherine Grand | Market Analysis

Gas Power
Market Close Market Close
Gas contracts increased on Friday as supply levels tightened and oil prices increased. CCGT demand was limited due to the rise in wind levels, however a short system offered support to the near curve. Losses on the near-curve last week due to a drop in solar power. Warmer weather over the weekend lifted demands.
Market Open Market Open
UK Gas prices have increased this morning, on the back of a short UK system and rising Oil prices. The NBP system has opened at 9mcm short this morning, with demand pegged at 14mcm, above seasonal normal levels. UK Power prices have also increased this morning, as they follow the NBP trend. Solar generation levels are high over the next couple of days, in line with the warmer weather.

For a breakdown of the current generation mix visit our Power Generation Insights page

Brent Summary

Brent 1st-nearby prices is up to $48.55/b on the close, as the impact of US inventory draw-down works its way through the market.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 41.65 ppt and £42.85/MWh, respectively. 

Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

'Click to enlarge graph'

Energy Price Graph - 17-07-2017

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.