|Market Close||Market Close|
|Gas prices displayed minor gains at the front of the curve on Friday, while the majority of contracts further out recorded a small loss. A sharp drop in Brent and carbon prices helped to weigh on the far-curve, while prompt and winter contracts were pushed higher by a cold weather outlook.||Power prices mirrored the gas curve on Friday, with gains at the front of the curve and decreases at the back. Weaker coal, carbon and oil prices provided bearish pressure at the back of the curve, while weak renewables lifted the prompt.|
|Market Open||Market Open|
|Gas prices have decreased this morning thanks to a long system, improved flows and an upward revision in short term temperatures. UK prices have followed their European counterparts, with a slight rebound in oil having little impact.||Weaker coal, carbon and gas markets continue to weigh on power prices this morning, with a milder weather forecast contributing to downward movement at the front of the curve. Renewables are slightly improved this morning, with a further increase expected tomorrow.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have sunk by around $2.5/b since Friday’s open with a weak global economy currently acting as the main market driver, in addition to oversupply concerns.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial decreased – closing at 58.78ppt and £58.55/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.