|Market Close||Market Close|
|Gas prices remained bullish during Tuesday’s session as fuel markets continued to move upwards and the supply/ demand picture tightened.||Power prices followed gas and the overall energy complex, recording strong gains. Additional support was provided by an expected drop in renewable generation for the remainder of the week.|
|Market Open||Market Open|
|The system remains short today on the back of high residential demand and an unplanned outage at the Forties pipeline, resulting in additional gains at the front of the gas curve this morning. Further out, prices continue to take direction from strengthening commodities.||Cooler temperatures and reduced renewable generation provides on-going support to spot prices, with tighter gas supply also a factor. Longer dated contracts also find continued support from bullish commodity and financial markets.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude has strengthened once again overnight due to the successful vaccination rollout in China, the US and Europe. The end of restrictions in these regions is expected to result in increased demand over the coming months.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 61.49ppt and £75.06/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.