21st April 2020 | Posted by: Daniel Birkett | Market Analysis

Gas Power
Market Close Market Close
Energy markets across Europe weakened on Monday, with gas following coal and oil to close at a discount. US oil prices fell below zero for the first time in their history and this significantly impacted global stocks and commodities. Power prices were no exception to the bearish trend yesterday, pressured down by weaker gas and carbon. Healthy wind and solar generation also helped to weigh on the prompt.
Market Open Market Open
Gas prices are stable-to-bullish this morning as oil prices have moved back into positive territory. However, coal, power and carbon markets are all trading down which has limited any gains along the gas curve. Power prices continue to move down as coal and carbon have opened lower and feedstocks are flat. Meanwhile, an expected drop in renewable availability tomorrow has helped to lift the prompt.

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

Brent Summary

Brent 1st-nearby prices plummeted yesterday as their US counterpart fell into negative territory as producers were forced to sell off excess supply at a loss. Read more here.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 32.32ppt and £40.18/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 - 21-04-2020

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.