|Market Close||Market Close|
|European Gas prices continued to soften yesterday as demand is expected to decrease by the end of the week due to milder weather and weaker oil prices. UK day-ahead prices traded lower as demand fell but remained high compared to seasonal norms.||Spot prices have been supported as cold temperatures returned. The far curve saw prices correct downwards on the back of lower clean gas costs. Currency moves contributed to lower Euro coal costs.|
|Market Open||Market Open|
|Gas prices seem to be lacking direction with minimal movement this morning. Temperatures are cold for this week, however forecasts have shifted and now point to warmer weather towards the end of April. A drop in Langeled flows could continue to support month-ahead prices.||Power prices have followed the NBP extremely closely this morning. Wind generation levels have increased today, adding weight to the curve along with declining oil and coal prices.|
Click to enlarge graph
For a breakdown of the current generation mix visit our Power Generation Insights page.
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.