|Market Close||Market Close|
|Potential maintenance at facilities and pipelines which feed into the UK offered some support to prices during Wednesday’s session, although the system remained oversupplied, as it has been since the 27th of January.||Power prices found some support from the gas market, while a weaker short-term outlook for wind generation offered support to the prompt. Further out, contracts were pushed higher by recovering commodities.|
|Market Open||Market Open|
|Near curve gas prices are little changed from yesterday’s close, with far curve prices opening a touch higher on the back of rising commodity markets. The system is 8mcm long as demand remains low and Langeled flows have improved.||Weaker wind generation has helped the prompt record a strong gain this morning, with cooler weather is also forecast for next week. Meanwhile, strengthening coal, carbon and oil markets provided bullish pressure to contracts at the back of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has climbed above $67/b as a rise in US production is the main market driver at present, while the next OPEC meeting is expected to offer additional support to the market.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a small loss, closing at 44.49ppt and £54.78/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.