|Market Close||Market Close|
|Gas prices opened at a discount but the bearish movement was halted by an undersupplied system. Coal also rebounded, offering some support to the far-curve, while carbon was stable and oil remained bearish.||Power prices displayed mixed movement on Tuesday with the spot showing a decrease, while there are some gains at the back of the curve. A slight uptick in wind generation was forecast for today which helped the prompt record a loss, while a rise in coal offered support further out.|
|Market Open||Market Open|
|The system has fallen 25mcm short this morning as Norwegian flows, UKCS supply and LNG send-outs have all decreased. Despite the undersupply, gas prices are largely unchanged, with coal and oil markets continuing to move in opposite directions.||Power prices have opened slightly bearish this morning with little support provided by commodity markets. The prompt displays a slight increase due to an expected drop in wind levels tomorrow, while the short term weather forecast is unchanged.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have fallen below $61/b this morning as a further rise in US stocks is expected to be announced this week; the market remains very bearish due to strong supply and weak global demand.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 43.15ppt and £47.93/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.