|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.
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.
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.