|Market Close||Market Close|
|Near-curve gas prices dipped yesterday thanks to an oversupplied system and a warm weather outlook; additional LNG cargoes are also expected to dock in the UK. Meanwhile, coal and carbon markets moved down and oil stabilised, weighing on the far-curve.||Power prices followed gas and moved down with falling biomass feedstocks and weaker carbon a factor. Temperatures were revised higher for the coming weeks, while an expected rise in solar power should offset a drop in wind levels|
|Market Open||Market Open|
|Gas prices remain bearish this morning despite a slightly short system, with downward pressure provided by weaker fuel markets. However, geopolitical events could support the market in the near future, such as the US/ China trade dispute and talks of a possible Brexit delay.||Power prices are slightly bearish again as feedstocks continue to decrease and the overall energy complex remains rather weak. A rebound, or at least some bullish resistance cannot be ruled out as traders could cash in on profits ahead of the weekend.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have stabilised with no fresh news to support the market and no clear direction provided by the latest EIA report.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 51.51ppt and £53.56/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.