| Gas | Power |
| Market Close | Market Close |
| Gas prices moved higher yesterday afternoon following a rebound on coal and carbon markets, while oil prices also strengthened. Temperatures for the start of April were also revised down and a slight rise in demand was expected today. | Power prices increased on Tuesday with direction coming from stronger gas, coal and oil markets. Mild temperatures are expected until the weekend but cooler weather has been forecast for next week, providing further bullish pressure at the front of the curve. |
| Market Close | Market Close |
| The system is short this morning due to a decrease in LNG send-outs as the UK awaits fresh deliveries. Cooler weather is also expected next week and prices at the front of the curve have moved higher as a result, while rising commodity markets have supported the far-curve. | Sentiment is unchanged this morning with rising coal, carbon and gas helping to push power contracts higher. Oil prices also display further gains, while demand levels are expected to show an increase next week. However, a milder and windier forecast for tomorrow has led to a small loss on the prompt. |
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 show signs of recovery as the bulls retake control. Supply concerns in Venezuela and disruptions at a US shipping channel have provided additional support this morning and prices edge closer to $68/b. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 44.00ppt and £48.88/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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