|Market Close||Market Close|
|Gas prices were very bullish at the start of the session, hitting new highs in recent months but lost ground in the afternoon to end the session around Friday’s close. Prices were initially pushed higher by commodity markets, while short term fundamentals were generally stable.||Power prices continued to climb higher on Monday morning, helped by a strong rise in carbon in the morning. However, prices followed gas in the afternoon and traded down as carbon retraced its gains.|
|Market Open||Market Open|
|The UK gas system is slightly oversupplied this morning and the prompt is unchanged as a result as demand for gas-fired power remains high. Coal and carbon markets are flat, while coal has dipped slightly, resulting in some losses across the gas-curve.||Day-Ahead power has decreased this morning despite low renewable output, as cooler weather is expected to weigh on demand. The broader energy market is still slightly bullish but prices are generally stable at the start of the session.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade around $45.6/b and struggle to break the $46/b barrier as fundamentals remain mixed.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity decreased, closing at 32.21ppt and £44.35/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.