|Market Close||Market Close|
|Gas prices increased throughout Monday’s session as below average temperatures hit the UK, with cold weather expected to continue into the middle of February. Movement further along the curve was more subdued as fuel markets displayed little movement.||Movement on the power curve was similar to gas, with strong gains posted at the front of the curve, on the back of tighter supply/ demand. Commodity markets were also struggling for direction and were unable to have much impact on the power curve.|
|Market Open||Market Open|
|Gas prices displayed mixed changes, with mid-dated contracts recording gains and the rest of the curve moving lower. Cold weather and reduced supply continues to offer support to the near curve, limiting losses, while coal, carbon and oil markets are largely stable.||Power prices on the spot have retraced some of yesterday’s gains but overall sentiment remains bearish due to cold weather and weaker wind generation, resulting in a gain on the Day-Ahead contract.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude remains below $56/b as the market is caught between weak demand and expectations of economic support in the US.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 47.15ppt and £55.52/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.