|Market Close||Market Close|
|Gas prices were little changed during Tuesday’s session despite some support provided by a rise in coal and carbon. However, overall markets were stable and a healthy supply/ demand outlook for this week weighed on the near-curve.||The system is closer to balance this morning and March temperatures have been revised down slightly, contributing to some gains at the front of the curve. Meanwhile, prices on the far-curve are more stable as oil, coal and carbon display little movement.|
|Market Open||Market Open|
|Most power prices ticked higher later in the session as coal and carbon markets strengthened. Stronger renewable generation is expected this week which capped gains at the front of the curve but overall movement was bullish.||Power prices continue to display gains this morning with upward pressure provided by a rise in coal and gas. A milder weather outlook for the rest of the month has provided resistance at the front of the curve, helped by comfortable wind levels.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices remain stable with bearish pressure provided by the latest EIA report, offsetting the effects of supportive factors such as US sanctions on Venezuela.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 52.67ppt and £54.98MWh, 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.