|Market Close||Market Close|
|Gas prices inched slightly higher yesterday but failed to erase Monday’s losses. A rise in oil and carbon markets helped to lift contracts, while an oversupplied system weighed on the prompt.||Power contracts added to their price on Tuesday, following gas and carbon. An expected drop in wind generation helped to push the prompt higher, although a cooler weather forecast capped upward movement on the rest of the near curve.|
|Market Open||Market Open|
|Gas continues to move upwards this morning despite mixed sentiment across commodity markets. Meanwhile, Norwegian imports into the UK are higher due to maintenance at a pipeline which transports flows to the continent, resulting in a redirect.||The overall energy complex is largely stable this morning, with gas one of the few markets to trade higher. This has helped towards some gains along the power curve, while an improved renewable generation outlook has weighed on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display little movement as an increase in US production has put a stop to the bullish trend displayed last week. Global demand remains very low and storage facilities are close to full.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 36.93ppt and £48.11/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.