|Market Close||Market Close|
|The higher demand outlook for the final week of April, plus bullish movement displayed by EU carbon contracts continued to provide upward pressure along the gas curve on Friday.||A delay to the restart of French nuclear facilities offered some support to the power curve towards the end of last week, with rising gas and carbon also adding to the bullish sentiment.|
|Market Open||Market Open|
|Gas prices have opened at a premium this morning on the back of a higher demand forecast for the coming week and a limited LNG delivery schedule for the coming weeks. However, flows remain healthy at present and the system is 22.6mcm long, helping to weigh on the prompt.||Low wind availability and cooler weather has helped the Day-Ahead contract open higher, while the rest of the curve is rather subdued due healthy gas supply and a drop on commodity markets.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude climbed higher over the weekend but has since retraced some of its gains as the COVID-19 situation in India continues to worsen. Brent currently trades around $66/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased, while commercial electricity recorded a loss, closing at 51.91ppt and £61.73/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.