|Despite some evidence of a rebound, last weeks early losses proved too great to recover from for gas. Front month gas contracts were sold on the week losing 0.94p/therm.
|After a slow start to the week, the power market bounced back by the end of Friday. Contracts further out on the curve made the most gains, with Summer 21 settling at £36.72/MWh, a 1.02% increase on week.
|Stronger EUA and Brent markets have helped gas lift above settlement after an initially weak opening this morning. Economic restarts are also supporting gas prices, with this expected to continue through the week.
|Feedstocks are stronger this morning, with gas and coal dealing higher, lifting power prices in the UK. Increased demand and lower wind output should see power to make more gains as the week develops.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent markets are higher this morning currently sitting $1.37/barrel above settlement with analysts pinning the gains on easing lockdown restrictions causing expectations of increased demand.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 31.85ppt and £40.10/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.