|Market Close||Market Close|
|Gas prices displayed further losses yesterday with the Day-Ahead contract shedding around 10% from its price. The losses filtered through to the rest of the near-curve due to improved supply levels, while weaker commodities weighed on the far-curve.||Power prices moved down on Tuesday, with direction provided by weaker gas, while coal, oil and carbon also weakened. Renewables are expected to improve as we near the weekend which helped the prompt close at a discount.|
|Market Open||Market Open|
|The UK gas system remains slightly long this morning as Norwegian flows have improved further and LNG/ Russian flows are almost unchanged. Prices are generally stable at present with no support provided by fuel markets.||Power prices are little changed this morning as the gas curve is flat and coal & oil markets have moved in opposite directions. The prompt has decreased further as reliance on gas-fired power is expected to be reduced over the coming days.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices recorded a loss yesterday as Hurricane Barry has passed and oil producing facilities in the Gulf of Mexico have returned online; Brent currently trades around $64.4/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 49.10ppt and £55.28/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.