|Market Close||Market Close|
|Sentiment on the gas curve was little changed from last week, with low demand and healthy supply weighing on the near curve, although LNG send outs were limited. On the far curve, prices were pushed higher by stronger oil and carbon.||Comfortable wind generation resulted in reduced CCGT demand yesterday, while mild weather kept a lid on residential demand, resulting in downward movement at the front of the curve. Further out, prices followed a rise in carbon and EUA markets, while oil continued to recover.|
|Market Open||Market Open|
|Near-curve gas prices display minor losses this morning, while longer dated contracts continue to add to their price. Demand sits 90mcm below the seasonal norm today due to mild weather, applying bearish pressure to the front of the curve, however, temperatures are expected to dip from Thursday onwards.||Wind levels remain healthy but another slight drop is expected tomorrow, offering some support to the prompt. The rest of the near curve is generally bearish due to healthy supply but losses have been limited by an expected drop in temperatures later in the week.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude trades above $43.8/b as oil markets continue to enjoy a gradual recovery following news of a Coronavirus vaccine and effective OPEC production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved lower, closing at 38.29ppt and £47.17/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.