| Gas | Power |
| Market Close | Market Close |
| Gas prices displayed minor gains yesterday, with weak wind levels resulting in a rise in gas-fired power demand. Further out, prices found support from bullish movement on coal and oil markets, which displayed small increases. | Like gas, power prices displayed modest gains, although a drop in carbon limited some upward movement on the far-curve. Meanwhile, the prompt displayed a loss as wind levels were expected to pick up over the rest of the week. |
| Market Open | Market Open |
| The UK gas system has opened slightly long this morning as storage levels are at capacity, resulting in excess supply due to a halt in injections. However, Norwegian maintenance continues to restrict supply into the UK, creating bullish sentiment at the front of the curve, while far-curve prices have followed rising oil. | Coal and carbon markets are almost flat this morning and power prices display minimal movement as a result. Oil prices continue to rise, offering some support to the far-curve, while the prompt displays another loss due to improved wind generation. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have climbed above $60/b due to optimism regarding US/ Chinese trade negotiations, combined with a general recovery on global markets. 1-year forward prices Market close data has revealed that the 1-year forward price for commercial gas moved higher, while commercial electricity displays a loss – closing at 46.27ppt and £51.23/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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