|Gas prices displayed modest gains yesterday and reverted back to the new highs seen on Friday. Maintenance work in Norway is expected to reduce flows into Europe which offered support to the prompt. Meanwhile, prices at the Henry Hub pipeline in the US continued to rise, lifting global markets.
|Power prices increased during Tuesday’s session, following upward movement along the gas curve, although carbon’s bullish streak came to a halt. Wind and solar availability was expected to remain low today, helping the prompt move higher.
|Gas prices are little changed this morning, although the prompt has ignored an oversupplied system and continues to find support from an expected drop in Norwegian flows in the coming days. Coal is unchanged, while carbon and oil trade lower.
|Power prices continue to strengthen this morning, although cooler weather and a slight rise in renewable availability has helped the prompt open at a discount. The overall energy complex is stable-to-bullish at the start of the session.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display minimal movement from yesterday’s close as a high compliance rate in regard to OPEC production cuts has offset weak global demand.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity increased, closing at 34.29ppt and £45.30/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.