|Market Close||Market Close|
|Gas markets showed little movement in either direction yesterday, with only minor changes displayed at the front of the curve. A rise in demand offered some support to the prompt, while commodity markets were largely stable.||Power prices moved down on Wednesday despite an increase in carbon. However, a drop in renewable availability helped the prompt climb higher, while gas offered little direction.|
|Market Open||Market Open|
|The UK gas system is balanced this morning as demand levels have eased down but supply levels have dropped off. European energy markets remain stable as the spread of the Coronavirus seems to have slowed.||Power prices have turned bearish this morning, although gas and coal markets are mostly flat. A downward correction in carbon has helped to weigh on prices, while supply fundamentals are expected to be little changed tomorrow.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display another small increase, although lockdowns in oil producing nations have helped to cap the upward trend.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 27.49ppt and £34.35/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.