|Market Close||Market Close|
|Gas prices inched higher yesterday, following rebounds across the broader energy complex, with oil dictating most movement. Longer dated contracts were the most resilient with the more significant recoveries seen at the front of the curve,||Power prices were supported by a rise in gas, carbon and feedstocks, although an expected rise in wind and solar availability helped the prompt shed from its price. The rest of the curve turned bullish as commodity markets saw some rare reprieve.|
|Market Open||Market Open|
|The UK gas system has opened 35mcm long this morning as renewable generation levels have improved, reducing gas-fired power demand. Most prices trade around yesterday’s closing price, mirroring stability displayed by other fuel markets.||Power prices display little change this morning with the rest of the energy complex showing little support in either direction. Renewable levels picked up as expected and healthy levels should continue over the weekend, combined with milder weather which has helped the prompt record a strong loss.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1-st nearby prices have increased once again following measures taken by the European Central Bank to support equity markets, resulting in some calmness for the time being.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 28.45ppt and £35.73/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.