|Market Close||Market Close|
|Gas prices moved higher on Friday, taking direction from a rise in oil, coal, power and carbon. The larger gains were seen towards the back of the curve, with a lower demand outlook for next week also weighing on the prompt.||Power prices followed the overall energy complex on Friday and increased across the curve, with the exception of the prompt. Renewables were forecast to pick up this week, although hot weather is expected in the middle of the week which will lift cooling demand,|
|Market Open||Market Open|
|The UK gas system is oversupplied this morning as improved renewable generation has reduced gas-fired power demand. This has helped to weigh on near-curve gas prices, while bullish oil has limited losses on longer dated contracts.||Gas, coal and feedstocks are trading lower this morning which has helped power prices to decrease. New COVID-19 hotspots have caused concern and impacted stock markets, resulting in bearish sentiment on European energy markets.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices climbed above $42.b on Friday due to high compliance among OPEC producers in terms of output cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss, closing at 31.78ppt and £41.15/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.