|Market Close||Market Close|
|Gas prices moved down on Friday during a relatively quiet trading session, with weaker demand helping to weigh on the near-curve. Further out, sentiment was more mixed with fuel markets providing little direction.||Power prices followed weaker gas, coal and carbon markets on Friday, displaying losses across the curve, although the more significant downward movement could be seen at the front of the curve.|
|Market Open||Market Open|
|The UK gas system is oversupplied this morning with improved flows from the UKCS. However, more maintenance is expected to taking place at Norwegian gas facilities towards the end of the week which will restrict supply. Wind levels are also set to fall which has contributed to some upward movement at the front of the curve.||Wind levels are expected to drop significantly tomorrow which has helped the prompt record a strong gain. However, the rest of the near-curve has been pressured down by weaker gas and coal, although a rebound on oil and carbon markets has offered support further out.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are on the rise, opening around $58.6/b this morning with direction coming from drone attacks on Saudi Arabian oil fields, with traders largely ignoring a rise in active oil rigs in the US.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity recorded a loss – closing at 46.15ppt and £51.57/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
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