|Friday afternoon saw near curve contract prices soften as revised weather forecasts shown warmer weather than expected for late January. Further out, far curve contracts held strong as the wider commodity markets strengthened.
|A mixed outcome on Friday for power as near curve prices followed the bearish NBP markets whilst contracts further out tracked the gains within the wider energy complex.
|This morning, a strong supply outlook along with the revised weather forecast have seen gas prices shoot down across the curve and down almost 3p/th on the respective February contracts.
|The weather forecasts being revised much warmer and windier have helped push power prices down this morning. Softer trading within the coal and carbon markets have also helped weigh down on prices, a stable outlook for the day.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices gained $1.52/bbl, following the release of data from China’s National Bureau of Statistics showing refinery throughput rose 6.8% to a record 12.1mn bpd in 2018.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial electricity increased – closing at 58.17ppt, whilst commercial gas decreased, closing at £61.93/MWh.
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.