|Market Close||Market Close|
|Gas prices moved down at the end of last week, pressured down by weaker coal and power, with carbon contracts also dropping by €1. Oil was mostly flat, while the prompt closed down on the back of an expected drop in demand over the weekend and the start of this week.||Power prices closed Friday’s session at a discount, with some exceptions on the near curve. The prompt moved down due to an expected rise in wind generation, while weaker coal and carbon weighed on the far curve.|
|Market Open||Market Open|
|The UK gas system is balanced this morning as the end of maintenance at the Nordstream pipeline has resulted in higher imports to the UK and the rest of Europe. However, sentiment along the gas curve is slightly bullish, finding some support from a rise in coal and carbon.||Power prices continue to move down this morning, with strong wind generation helping the prompt record a significant loss. Carbon and coal continue to shed from their price, while gas offers some minor resistance.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have shown little movement since Friday’s open, with a dispute between the US & China and an increase in Coronavirus cases temporarily preventing any rebound on global economies.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased, closing at 30.48ppt and £41.65/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.