| Gas | Power |
| Market Close | Market Close |
| Gas prices traded higher across the curve during Wednesday’s session, finding support from a rise in coal & oil. Meanwhile, the system was oversupplied during the session, weighing on the prompt, with an improved renewable power outlook for today applying additional bearish pressure. | Power prices decreased yesterday, with an improved wind and solar outlook for today applying bearish pressure to the prompt. A rise in coal, gas and oil helped to lift the rest of the curve. |
| Market Open | Market Open |
| The system is slightly oversupplied this morning, tightened by a drop in LNG send-outs and colder weather, although improved wind levels has reduced demand for gas-fired power. The drop in temperatures has offered support to the front of the curve, while weaker commodities have weighed on far curve prices. | Commodities trade lower this morning which has contributed to minor losses along the power curve, during a relatively stable opening to today’s session. The Day-Ahead contract displays another loss as renewables are expected to improve again tomorrow, while Front-Month is unchanged. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices are practically unchanged as OPEC production cuts have been countered by a weak demand and economic outlook, with fears of a second wave of the Coronavirus impacting global markets. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 36.28ppt and £47.20/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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