| Gas | Power |
| Market Close | Market Close |
| Gas prices displayed mixed movement yesterday with near-curve contracts shedding from their price and the far-curve trading higher. A sharp rise in carbon offered support to longer dated contracts, while the warm weather outlook weighed on prompt prices. | Power prices moved higher yesterday following a strong gain on carbon markets and some bullish movement on the gas curve; Coal also strengthened, while oil corrected down slightly. Weak wind generation and an expected rise in cooling demand also helped to lift the prompt. |
| Market Open | Market Open |
| The system is slightly short due to on-going maintenance at Norwegian facilities which has reduced flows into the UK. However, an expected flurry of LNG deliveries has helped to weigh on the near-curve, with the help of higher temperatures. | Carbon continues to move higher this morning, gas and coal are generally stable, while oil displays a small loss. As a result power prices have weakened, but any losses were limited by a tighter supply/ demand picture. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have eased down despite a bullish outlook as traders keep an eye on tensions between the US & Iran. Meanwhile, the G20 summit and OPEC meetings will take place over the next fortnight. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & electricity decreased – closing at 48.25ppt and £53.46/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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