|Market Close||Market Close|
|Langeled and UKCS flows are at capacity this week, demand levels are very low and LNG send outs increased slightly, resulting in bearish movement on the prompt and across the near curve yesterday.||Strong renewable generation and mild temperatures pressured down contracts at the front of the curve on Tuesday, while supportive oil and carbon markets offered support to the far curve.|
|Market Open||Market Open|
|Movement along the gas curve is similar to yesterday with losses at the front of the curve and upward movement further out. Comfortable supply and low demand has pressured down prompt prices, while bullish commodities dictate longer dated contracts.||Wind levels remain strong and the gas system is well-supplied due to reduced demand which has resulted in decreases across the front of the power curve this morning. Meanwhile, the back of the curve continues to follow rising carbon markets, although coal trades lower.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has stabilised somewhat but the outlook remains supportive as OPEC has reaffirmed its intentions to continue to cut production.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved lower, closing at 37.92ppt and £46.95/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.