|Market Close||Market Close|
|Gas prices were pushed higher by rising coal and oil markets during Thursday’s session, with the larger increases displayed towards the back of the curve. Healthy storage levels, expected LNG deliveries and milder weather capped any upward movement at the front of the curve.||Power prices were slightly bearish yesterday, ignoring a rise in coal and carbon. Improved renewable generation helped to weigh on the near-curve, with similar levels expected today and over the weekend. Despite this rise in fuel markets, far-curve prices were unaffected.|
|Market Open||Market Open|
|The UK gas system is close to balance this morning but gas contracts at the front of the curve display a loss. Bearish pressure was provided by a stronger supply outlook, with windier weather reducing gas-fired power generation and LNG send-outs expected to increase next week.||The oil market remains bullish this morning but Brent has eased off slightly, while coal and carbon markets are stable. Overall fundamentals are unchanged and as a result prices have opened flat.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a sharp rise as tensions between the US and Iran have increased following the shooting down of a US drone; Brent currently trades close to $64.5/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & electricity increased – closing at 47.30ppt and £51.75/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.