| Gas | Power |
| Market Close | Market Close |
| Near-curve gas prices were on the rise on Friday, while contracts further out were mostly flat. Coal and oil prices moved down, limiting upward movement on the far-curve, while a strong carbon market dictated the front of the curve. | Power prices climbed higher on Friday with direction coming from stronger gas and a rise in carbon contracts. Renewable levels were also forecast to fall at the start of this week, helping to support the prompt. |
| Market Open | Market Open |
| The UK gas system has opened long this morning with Norwegian flows expected to improve further due to the end of annual maintenance. Despite this, gas contracts display further gains with support provided by the overall energy complex, as coal and carbon remain bullish. | Higher gas and coal contracts have helped power prices to increase this morning, although wind levels are expected to improve tomorrow, resulting in a weaker prompt. Temperatures should remain around the seasonal average, while carbon prices have stabilised. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices remain bearish this morning, adding to the losses seen at the end of last week. The on-going trade war between the US and China continues to weigh on the market, negating the effects of supply concerns. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & while commercial electricity increased – closing at 70.89ppt and £66.30/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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