|Market Close||Market Close|
|Near-curve gas prices recorded further losses during yesterday’s session, while contracts further out displayed a rebound before the end of trading, to close the day almost unchanged. Market sentiment was mixed with commodity markets moving in different directions.||Most power prices weakened on Wednesday, with the majority of losses seen at the front of the curve, while seasonal and longer dated contracts were generally unchanged. Fuel markets failed to offer much direction, while the short term supply outlook looks slightly healthier.|
|Market Open||Market Open|
|The UK gas system has fallen slightly short this morning despite a rise in Norwegian flows as demand has ticked slightly higher. However, near-curve gas prices have decreased due to a warmer weather outlook, while the far-curve has been pressured down by weaker coal, carbon and oil.||Power contracts continue to decrease as gas, oil, coal and carbon markets trade lower, with feedstocks also showing a loss. Bullish sentiment cannot be ruled out next week as extremely warm temperatures could lift cooling demand and impact nuclear production across Europe which would lead to a rise in gas and coal demand.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices showed strong losses yesterday as talks are set to take place to reduce tensions between the US and Iran. However, news that an oil tanker was seized in Iranian waters could have a significant impact on prices over the next 24 hours.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss – closing at 49.81ppt and £54.98/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.