|Market Close||Market Close|
|Gas contracts moved higher yesterday as carbon markets increased strongly and annual maintenance in Norway is expected to reduce imports into the UK. Cooler temperatures and weak renewable generation is also forecast for next week, lifting demand.||Wind generation levels were expected to decrease today, with weak levels set to continue into next week. This, combined with a drop in temperatures towards the end of the month offered support to the front of the power curve on Wednesday.|
|Market Open||Market Open|
|Gas contracts are up again this morning with the EU carbon market continuing to drive prices. The European Central Bank is expected to announce policy changes today which will accelerate the EU’s net zero targets.||Power follows gas and carbon once again, with gains displayed across the curve. Carbon markets continue to increase strongly with the EU set to reveal its new, ambitious environmental targets today.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude displays another loss this morning as new COVID-19 cases in Asia continue to impact global demand forecasts for oil.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity increased, closing at 52.51ppt and £62.51/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.