|Market Close||Market Close|
|Gas prices were mostly stable throughout Thursday’s session and any changes in either direction were minimal. A short system had little impact on the near-curve as the short term supply/ demand outlook is healthy.||Power prices displayed gains yesterday as temperatures were revised down slightly, in addition to a rise in coal and oil prices. Gas and carbon markets were also bullish, while wind levels were expected to improve slightly today, weighing on the prompt.|
|Market Open||Market Open|
|The UK gas system is 40mcm short this morning as temperatures are slightly colder and Norwegian flows are down. Gas prices have increased as a result of the undersupply and a rise in oil prices.||Coal and gas markets have increased again this morning which has offered support to power prices, carbon and feedstock contracts have also opened at a premium. Tighter gas supply and colder weather provides support to front of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have climbed by around 6% since Wednesday evening on the back of recent reports in regards to US stocks which confirmed that the weekly increase was smaller than expected.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 44.76ppt and £49.18/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.