|Market Close||Market Close|
|Gas prices increased on Friday, displaying an overall bullish trend throughout the week. In terms of commodities, oil markets provided support, coal stabilised, while carbon decreased. A cooler weather outlook and a low renewable power forecast helped to lift the front of the curve.||Energy markets traded higher at the end of last week, despite this, power ignored gains on the gas curve and instead found direction from a drop in carbon. The Day-Ahead contract was also pushed higher by a weak renewable outlook for the start of this week.|
|Market Open||Market Open|
|The gas curve displays some gains this morning on the back of an increase in demand and a rise in coal. However, overall sentiment on energy markets is weaker due to a decline in European equity indexes and a retracement in oil.||Power prices are stable-to-bearish this morning due to mixed movement on commodity markets. Wind levels are set to increase over the coming days which has helped the prompt to record a loss, while a cooler weather forecast also weighs on the contract.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small loss this morning as oil production in Libya could resume, adding to a market that is currently in low demand. Resistance has been provided by reduced production in the US which has taken pressure off storage facilities.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 36.82ppt and £49.14/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.