|Market Close||Market Close|
|Movement along the gas curve was mixed on Wednesday, although a drop in coal later in the session helped prices close down. Carbon also displayed a small decrease, while oil was unchanged. Meanwhile, the supply/ demand outlook was comfortable, with a steady influx of LNG deliveries expected in the coming weeks.||Renewable availability was down yesterday which offered support to the prompt, with the rest of the curve also moving higher. Later in the session, a sharp drop in coal prices helped towards losses further along the curve, with oil offering little direction.|
|Market Open||Market Open|
|The system remains slightly long this morning despite cooler weather, as flows into the UK are healthy. However, most contacts display a small increase, correcting upwards after yesterday afternoon's coal sell-off.||Power prices display minor gains with direction coming from a rise in gas contracts. Fuel markets are relatively unchanged, while an expected drop in temperatures and renewable generation tomorrow and over the weekend has helped to lift the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small increase despite a rise in US crude inventories, as Saudi Arabia are unlikely to act quickly, if at all in regards to offsetting the effects of Iranian sanctions.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 52.50ppt and £56.73/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.