|Market Close||Market Close|
|Gas prices inched higher during Thursday’s session, with direction provided by the overall energy complex taking a bullish turn; coal, carbon, power and oil all displayed gains. Despite a healthy supply picture, additional upward pressure was provided by a colder weather outlook.||Gains at the front of the curve have been capped by an upward revision in temperatures for the coming week, helped by comfortable storage levels. The UK gas system has opened balanced, while fuel markets displayed mixed movement.|
|Market Open||Market Open|
|Power prices followed other energy markets and displayed gains, with carbon and gas dictating most contracts. A healthier wind outlook helped to pressure down the prompt, but an expected drop in temperatures offered support to the rest of the near-curve.||UK power prices display little change this morning with fuel markets moving in opposite directions. Temperatures have also been revised higher which helped to limit bullish sentiment, with windier weather also expected.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices continue to move higher due to the unexpected decrease in US crude stocks. Poor economic data published in the US also added to the bullish sentiment, increasing concerns of a global economic slowdown.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 46.11ppt and £50.40/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.