| Gas | Power |
| Market Close | Market Open |
| Gas contracts rallied higher yesterday, with hurricanes in the US resulting in stronger fuel prices which transferred to global markets. LNG deliveries to Europe also remained low and short-term demand forecasts are higher due to cooler weather. | Power markets followed gas and carbon and strengthened on Tuesday, with a rise in coal also contributing to the gains. Meanwhile, an expected drop in wind levels today helped the prompt to record a strong increase. |
| Market Close | Market Open |
| The system is oversupplied this morning as flows from Norway have increased. Carbon and coal markets have opened lower, while oil remains slightly bullish. Upward movement on the gas curve continues despite healthier supply, as demand is expected to grow over the coming days. | The prompt displays a significant gain this morning as wind levels are forecast to plummet and cooler weather is expected. Gas continues to provide support further along the curve, although coal markets have eased down. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices continue to move higher as storms in the US have restricted supply; Brent currently trades around $45.9/b. 1-year forward prices Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity increased, closing at 35.45ppt and £46.93/MWh, respectively. Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page. |
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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.