| Gas | Power |
| Market Close | Market Close |
| Gas prices continued to move higher yesterday, with near-curve contracts finding support from a short system, caused by increased demand levels. Meanwhile, the far-curve was pushed higher by stronger commodity markets, with coal, carbon and oil all displaying gains. | Power prices displayed gains across the curve on Tuesday, with support provided by stronger carbon and feedstocks. Colder weather and weak renewables lifted demand levels but a healthier forecast for today and the rest of the week helped the prompt record a loss. |
| Market Open | Market Open |
| The UK gas system is closer to balance this morning and near-curve gas prices have eased down slightly as a result. Oil and coal markets are marginally lower but this has been offset by a rise in coal and power, providing some support at the back of the curve. | Power prices remain slightly bullish this morning as carbon contracts are up again. However, any increases are minimal as coal, gas and oil have moved down and feedstocks are stable-to-bearish. Wind levels have also improved which has resulted in another loss on the prompt. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices recorded another gain yesterday as traders remain optimistic about the US/ Chinese trade deal. OPEC production cuts are an on-going factor, in addition to a slowdown in US shale gas production. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 40.45ppt and £46.58/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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