20th December 2018 | Posted by: Natalie Ormrod | Market Analysis

Gas Power
Market Close Market Close
Prices rose near close of business yesterday, as Oil prices rebounded and Carbon prices also went up. Prices rallied across all markets yesterday, with support from Carbon, Gas and Oil prices. This was despite the upcoming holiday period and milder weather conditions.
Market Open Market Open
The system is short this morning, back to lows from previous days amid rising US interest rates. Gas is trading flat to the close despite this, as the broader complex is under pressure. Contract prices across the curve have softened this morning, as rate increases by the US Federal reserve cast a shadow over the broader markets, impacting on commodities.

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

Brent Summary

Brent 1st-nearby prices have seen a slight increase to $57.24/b, as slowing economic growth has investors concerned about global demand moving into 2019.

1-year forward prices

Market close data has revealed that the 1-year forward price for commercial gas has decreased & commercial electricity has increased – closing at 62.34ppt and £63.40/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

Energy Price Graph - 20-12-2018

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