|Market Close||Market Close|
|Gas prices increased during Wednesday’s session, with a tighter supply/ demand picture offering support to the front of the curve. Further out, contracts were pushed higher by an increase in LNG prices, partly caused by a rise on US fuel markets.||Power contracts traded higher across the curve yesterday, taking direction from stronger gas and a cooler, drier and less windy weather forecast. Carbon markets stabilised, with coal and oil markets also showing little movement.|
|Market Open||Market Open|
|The UK gas system has fallen short this morning as gas-fired power demand has ramped up and temperatures have dropped below the seasonal norm. Commodity markets are generally flat and this has been mirrored by gas contracts at the start of the session.||UK markets are flat this morning, with most power prices also trading sideways, with the exception of some minor upward movement on the near curve. The prompt is the only contract to display a strong loss, correcting down from yesterday’s significant gain.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small loss and currently trade around $45.6/b with no real change to fundamentals to push the market in either direction.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity increased, closing at 36.10ppt and £47.32/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.