|Market Close||Market Close|
|An uptick in demand and reduced imports resulted in a tighter gas system during Thursday’s session which led to bullish movement across the curve. A further rally on carbon markets also offered support to longer dated contracts.||A weak renewable generation forecast for today helped the prompt move higher yesterday, while the rest of the curve was dictated by an increase in demand and rising coal, gas and carbon markets.|
|Market Open||Market Open|
|Gas markets have moved down this morning as milder weather has been forecast for the remainder of March, while supply levels remain healthy. Oil markets also display a significant drop, while carbon allowance contracts have retraced some of their recent gains.||Wind generation has dropped considerably today but levels are expected to pick up over the weekend and the start of next week, resulting in a loss on the prompt. The rest of the curve has also weakened, mirroring gas and the overall energy complex.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude displays its largest daily loss in six months as news regarding a rise in the European Covid-19 rate and a halt in the administering of the Oxford/Astra-Zeneca vaccine has resulted in pessimism across markets.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 47.82ppt and £59.61/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.