|Market Close||Market Close|
|Gas prices moved down on Friday following a volatile week, with downward pressure provided by a milder weather forecast for the start of this week. Supply fears caused by the Forties shutdown also eased, helping towards losses on the near-curve. Meanwhile, movement further along the curve was more subdued as coal and oil markets stabilised.||Following a bullish start to the session, power prices eased down on the back of a milder weather outlook and a less constrained supply outlook for gas. The prompt was the exception to any bearish movement as wind levels were forecast to drop today, while gas and oil markets failed to offer much direction to far-curve prices.|
|Market Open||Market Open|
|Temperatures for the remainder of December have been revised higher once again, resulting in further downward movement on the near-curve this morning. The losses were restricted by a drop in wind generation which has increased CCGT demand, while a rise in coal prices has offered some support to far-curve contracts.||An expected rise in temperatures continues to weigh on the near power curve this morning, with wind levels also set to improve slightly tomorrow. Bearish movement at the back of the curve is less prominent, with a rise in coal and oil prices a factor.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are stable-to-bullish at present with the outage at the Forties pipeline continuing to provide support, although rising US production has limited the upward movement.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 48.45ppt and £47.02/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.