|Market Close||Market Close|
|Gas prices moved down yesterday, following coal and power markets, with a healthier supply/ demand outlook dictating UK markets. Prices found some support in the afternoon which curbed the losses but the overall sentiment remained bearish.||Power prices were stable-to-bullish during Thursday’s session with the exception of the prompt and shorter dated contracts which were pressured down by a mild and windy weather outlook.|
|Market Open||Market Open|
|A colder weather outlook for the start of this week has offered some support but the UK gas system is oversupplied for the first time in weeks, resulting in strong losses across the near-curve. Flows are stable, while LNG send-outs are set to ramp up as disruptive weather comes to an end.||Power contracts have been pressured down by weaker gas, coal and oil markets with the larger losses displayed at the front of the curve. Fundamentals are relatively unchanged with a cold stint expected at the start of next week, lifting demand.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices trade below $57.7/b this morning as economic forecasts remain weak despite a recovery in China, however, oil prices have displayed strong gains over the course of the week.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 30.40ppt and £39.58/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.