19th April 2021 | Posted by: Daniel Birkett | Market Analysis

Gas Power
Market Close Market Close
Increases on oil markets dictated movement across the overall energy complex, with gas contracts displaying further gains. An expected drop in temperatures and weak wind generation also offered additional support to the spot. Weak wind levels were forecast to continue over the weekend and the start of this week which limited downward movement on the prompt. The rest of the curve traded higher, following overall commodities.
Market Open Market Open
A cooler weather outlook for the remainder of the month has offered support to near curve prices, adding to the gains recorded on Friday. Meanwhile, upward movement on oil markets has slowed this morning. An expected rise in renewable generation this week has helped the prompt shed from its price, although the rest of the near curve has inched higher. Prices have followed rising gas and a downward revision to weather forecasts.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent Crude displays a small loss this morning, with news regarding a new strain of COVID-19 emerging from India potentially impacting demand, ending the recent bullish streak.

1-year forward prices

Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity displayed a gain, closing at 52.17ppt and £61.38/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

energy price graph - 19-04-2021

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.