| Gas | Power |
| Market Close | Market Close |
| Near-curve gas prices increased on Friday with support coming from maintenance at the St Fergus pipeline which limited supply. Meanwhile, upward movement on the far-curve was less prominent with the gains restricted by a drop in Brent. | Power contracts inched higher on Friday on the back of weaker generation levels and a higher demand forecast. Rising gas contracts also helped some prices to move higher, contracts further along the curve were generally stable with weaker oil providing some resistance. |
| Market Open | Market Open |
| Norwegian flows have increased this morning which has contributed to healthy supply levels in the UK, which should result in losses on the near gas curve. Further out, the movement is generally bullish but an expected drop in Brent could apply downward pressure later in the session. | Day-Ahead power has recorded a strong increase this morning following a sharp rise in demand levels and weaker wind and solar generation. However, the rest of the curve has moved down with direction coming from losses on the gas market. |
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Brent Summary Brent 1st-nearby prices have increased this morning and currently trade just above $46.3/b; a halt in production in Libya provided the bullish pressure, with today's meeting between OPEC and non-OPEC members in Algiers also a factor. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased slightly - closing at 37.90ppt and £43.20/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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