| Gas | Power |
| Market Close | Market Close |
| Gas prices initially opened higher yesterday but moved down as the session progressed and ended the day practically unchanged. Oil and carbon markets offered support, while a drop in LNG send-outs resulted in a short system. | UK power prices displayed gains on Wednesday, with a rise in carbon helping towards the bullish movement. A colder weather outlook for next week also provided support, in addition to limited gas supply. |
| Market Open | Market Open |
| The UK gas system remains slightly short this morning, while temperatures have been revised down for the start of next week, helping the prompt and near-curve prices open at a premium. LNG send-outs remain down as bad weather restricts their delivery, while commodity markets provided little direction. | Commodity markets are little changed this morning but the majority of prices have found support from an expected drop in temperatures next week. However, a healthy wind outlook has helped the prompt shed from its price. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have found support from a recovery in Chinese production and transit following shutdowns to prevent the spread of the Coronavirus. Brent currently trades around $58.7/b. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 31.42ppt and £40.65/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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