|Market Close||Market Close|
|Rising carbon markets and expectations of high demand as we head into May helped gas prices climb higher yesterday. Reduced renewable power and cooler weather is expected next week but supply levels are healthy thanks to strong LNG send-outs.||EDF announced a slight delay in the return of French nuclear facilities following maintenance, offering support to power prices in the afternoon. In other news, the EU finalised plans to cut carbon emissions by 55% by 2030, with some experts disappointed by the lack of ambition.|
|Market Open||Market Open|
|Gas prices have turned slightly bearish this morning due to strong supply levels and an undersupplied system. Rising carbon and power offer some support, while oil markets are largely unchanged.||Power prices display further gains this morning due to rising carbon markets and the delays at French nuclear facilities. A cooler forecast for the start of May also adds to the bullish sentiment.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude displays a small increase this morning and remains below $65.5/b. Markets continue to keep their eye on developments in Asia and the spread of the new strain of COVID-19.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity recorded a minor gain, closing at 51.32ppt and £62.53/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.