|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.
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.
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.