|Market Close||Market Close|
|Prompt gas prices ended Friday’s session at a premium with support provided by an undersupplied system, caused by tighter supply and an uptick in demand due to colder weather. Contracts further out were pushed higher by stronger coal, power and carbon.||Gas prices were largely bullish on Friday with direction provided by tighter gas supply and rising commodities, with coal, carbon and feedstocks all climbing higher. Gains at the front of the curve were slightly capped by a milder weather forecast for the start of this week.|
|Market Open||Market Open|
|Flows have ramped up as an outage in Norway was resolved, while milder weather has reduced demand, resulting in a long system. However, temperatures are expected to turn colder as we head into December, contributing to gains on the gas curve this morning.||Power prices continue to move higher this morning, tracking movement on fuel markets; coal, gas, carbon and oil have all opened slightly higher. Meanwhile, a drop in temperatures is expected next week which has added to the bullish sentiment.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices displayed a downward correction on Friday following strong gains in previous sessions but optimism regarding US/ Chinese trade deals has offered some support this morning; Brent currently trades around $62.4/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 45.30ppt and £49.68/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.