|Market Close||Market Close|
|Gas prices moved down across Europe as the overall energy complex was bearish. Warm temperatures are set to continue over the coming weeks which will keep residential demand low, while a slight increase in wind levels weighed on CCGT demand.||Gas prices are stable this morning, with coal and oil recording a small loss and overall fundamentals little changed from yesterday. The system remains long as flows are comfortable and renewable levels are similar to Thursday’s levels.|
|Market Open||Market Open|
|Power contracts displayed small losses yesterday as fundamentals improved slightly and additional bearish pressure was provided by weaker coal and gas. Wind levels improved, reducing the need for gas-fired power, while solar generation was stable.||Like gas, the power curve is rather flat this morning with minimal change to the overall supply/ demand outlook and no direction provided by fuel markets. Renewable levels are almost unchanged, although above average temperatures continue to lift cooling demand.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a $0.50/b loss from yesterday’s open to trade at $74.5/b. The latest EIA report helped to weigh on the oil market, although some support was provided by a blockage at the Red Sea waterway, although this should be resolved quickly.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity moved down – closing at 57.60ppt and £57.01/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.