| Gas | Power |
| Market Close | Market Close |
| Gas prices moved higher during yesterday’s session as the system was under-supplied throughout the day. A rise in coal also offered support to the curve, while a decrease in carbon and oil had minimal impact. | Power prices increased on Tuesday, tracking upward movement on gas and carbon markets. A weaker wind outlook for today also offered additional support to the prompt. |
| Market Open | Market Open |
| The system is closer to balance this morning as demand levels are down from the previous day and Norwegian supply has improved. Gas prices have opened stable-to-bearish as a result, with coal and oil markets displaying a loss. | Temperatures have been revised higher once again, while wind levels are expected to improve over the coming days, weighing on near-curve power prices. However, any movement is minimal due to mixed changes on commodity markets. |
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 been pressured down by demand concerns as the Coronavirus in China is likely to disrupt oil production in the country; Brent currently trades around $63.6/b. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved down – closing at 32.53ppt and £40.98/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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