| Gas | Power |
| Market Close | Market Close |
| The system was oversupplied during yesterday’s session thanks to mild weather, improved LNG send-outs and low demand for power. Downward movement could be seen across the near curve, while longer dated contracts were pushed higher by rising carbon. | Wind generation has decreased and holds a similar share of the energy mix to gas-fired power this morning, offering support to the prompt. Colder temperatures have also lifted heating demand, while oil markets continue to move higher. |
| Market Open | Market Open |
| Sentiment across the gas curve is similar to previous sessions, with losses at the front of the curve and modest increases further out. An improved LNG outlook and comfortable flows have helped to pressure down prices on the spot despite a drop in temperatures which has lifted LDZ demand. | Brent crude trades above $44.3/b today as OPEC’s commitment to production cuts has offered continued support. A meeting on Tuesday signalled the intention to delay the planned increase in output in January. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent crude trades above $44.3/b today as OPEC’s commitment to production cuts has offered continued support. A meeting on Tuesday signalled the intention to delay the planned increase in output in January. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved lower, closing at 37.92ppt and £46.95/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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