|Market Close||Market Close|
|Gas prices climbed higher yesterday with the expectation of colder weather supporting prices along the near-curve, ignoring a long system. Meanwhile, prices further along the curve followed rising commodity markets.||The majority of power contracts added to their price on Thursday with direction coming from a rise in biomass feedstocks, an expected drop in wind levels and a colder weather outlook for the remainder of the month.|
|Market Open||Market Open|
|Supply levels are largely unchanged this morning but colder weather and a drop in renewable power has lifted gas demand. Movement along the curve is stable-to-bullish, with little direction provided by coal, oil and carbon markets.||With cold weather expected over the next fortnight, near-curve power prices continue to move higher, with a drop in wind generation offering additional support to the prompt. Coal and carbon markets have stabilised but the far-curve has found direction from a bullish oil outlook.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices eased down yesterday but have posted a small gain this morning with support provided by OPEC cuts, recent reports show a decrease of 751,000 barrels a day in December.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 59.65ppt and £61.05/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.