|Market Close||Market Close|
|European spot gas prices were mixed again yesterday as fundamentals remained almost unchanged. On the curve, prices were up on all markets, still supported by concerns on US LNG output.||The price for UK Power increased modestly yesterday and ended the day at £43.97/MWh. The European power spot prices edged down as forecasts of further strengthening wind output continued to pressure the market.|
|Market Open||Market Open|
|The UK Gas system is mostly balanced this morning with demand below seasonal normal. Temperatures continue to warm today, remaining above seasonal levels for the forward forecast and pressing down on spot prices.||Day ahead prices have opened lower this morning. Wind output is forecast to peak tomorrow, further pressuring the European power spot prices today. Further out, prices will be torn between the bullish gas prices and fading EUAs.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have slightly increased this morning. Prices are expected to weaken as supplies remain plentiful while demand struggles.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 40.23ppt and £47.67/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.