|Market Close||Market Close|
|Gas prices displayed a rebound during Monday’s session, following strong losses on Friday. An undersupplied system offered support to the prompt and the front of the curve. Carbon increased by almost €2, while coal and oil also ticked higher, lifting the far curve.||Power prices closed at a premium yesterday, taking direction from gains in feedstocks, gas and coal, although the main market driver was a significant rise in carbon. Meanwhile, a surge in wind levels is expected today, weighing on the prompt in the afternoon.|
|Market Open||Market Open|
|The system has moved closer to balance but remains short this morning as Norwegian flows have been re-routed back to Europe as maintenance comes to an end. Commodity markets are mixed this morning, with oil and carbon trading higher and coal moving down.||Equities trade higher this morning, while commodities are mixed, resulting in increases across the power curve. Wind levels have ramped up as storms make their way into Europe but levels are expected to plummet tomorrow, resulting in a strong increase on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby have climbed above $45.1/b as tropical storms in the Gulf of Mexico have led to a temporary shut down on oil facilities in the area.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity increased, closing at 34.31ppt and £45.53/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.