|Market Close||Market Close|
|Gas prices moved down at the end of last week, with the exception of the prompt which found support from a tighter system and increased power demand. The rest of the curve was pressured down by a drop in oil and carbon, while coal was unchanged.||Most power prices weakened during Friday’s session, following the gas curve, although the prompt and some far-curve contracts moved in the opposite direction. The prompt found support from weaker renewables, with more gas-fired power required to make up the shortfall.|
|Market Open||Market Open|
|Doubts surrounding Brexit continue to impact energy markets and most contracts display a small gain. However, the system has opened long and supply levels are comfortable, weighing on the prompt, while commodity markets are stable, providing little direction to the rest of the curve.||Power prices have followed rising coal, gas and carbon, recording numerous gains this morning with the expectation of colder temperatures offering support to the near-curve. Despite this, the prompt has moved down thanks to an improved wind generation forecast and healthy gas supply.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have retraced gains and trade close to Friday morning’s levels. Bearish pressure was provided by a rise in US crude stocks and no progress in regards to Chinese trade talks.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 47.05ppt and £51.56/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.