|Market Close||Market Close|
|Gas prices traded down during Thursday’s session despite a rise in oil prices. Coal and carbon markets moved down, creating mixed sentiment, while a healthy supply outlook helped to weigh on the near-curve.||Power prices decreased yesterday, following weaker gas, coal and carbon markets. A slight rise in wind generation was forecast today which provided some bearish pressure on the prompt, while healthy gas supply weighed on the rest of the near-curve.|
|Market Open||Market Open|
|The UK gas system has fallen short this morning due to a sharp rise in demand levels. Any rise in Norwegian flows has been outweighed by an increase in exports to mainland Europe. A rise in LNG send-outs is expected to bring the system back into balance. As a result, the majority of gas prices display gains.||A rise in gas & coal prices has transferred to the power curve this morning, with feedstocks also trading higher. Carbon has eased down but its impact was minimal, with currency markets also failing to provide direction.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices increased further on Thursday despite a rise in US crude stocks, instead, markets focused on the prospect of further OPEC production cuts; Brent currently trades around $59.6/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas recorded a small gain, while commercial electricity decreased – closing at 47.38ppt and £52.10/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.