20th April 2020 | Posted by: Rebecca Haughton | Market Analysis



Gas Market Close

Power Market Close
Gas prices found some support on Friday, minor gains along with coal and oil. On Friday, UK power got a lift from gas and carbon as power traders followed bullish sentiment from the stock markets.
Gas Market Open Power Market Open
Supplies of Gas to the European market remain stable with Russia and Norway showing little signs of disruption, however both are delivering less than this time last year as demand remains soft. This morning the system swings as demand remains weak on warm weather and supplies remain stable. From the start of trading today, prices are a touch softer on bearish commodity complex and lower carbon contracts. Wind output is high but forecast to drop to virtually zero by midweek.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent 1st-nearby prices traded higher on Friday. This morning, Brent crude has reversed the previous session’s gains, as US oil inventories increase to almost full, putting pressure on an already bearish market.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 41.98ppt and £35.69/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.