|Gas prices displayed mixed movement during Thursday's session as a milder weather outlook for the next few days was offset by weaker Norwegian supply and lower Dutch imports. The drop in flows via the Langeled and BBL pipelines resulted in an undersupplied system at the start of the session, supporting the prompt.
|Day-Ahead power displayed a small loss yesterday, with consumption levels not as low as initially expected. Elsewhere, gas displayed little movement and had no influence on the power market with most near-curve contracts closing at a discount, although rising coal and oil pushed prices higher on the far-curve.
|Wind generation is set to remain at around 4.5GW tomorrow before peaking at 6GW on Sunday which has helped Day-Ahead power move down this morning. Most power contracts displayed a loss at the start of the session and followed their weaker gas counterparts and falling Brent.
|Brent 1st-nearby prices display a loss this morning as the situation between Russia and Turkey has calmed down. Meanwhile, Libyan output could double if two oil fields are re-opened which have been closed for over a year.
Brent 1st-nearby prices display a loss this morning as the situation between Russia and Turkey has calmed down. Meanwhile, Libyan output could double if two oil fields are re-opened which have been closed for over a year.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas displayed a small loss, while commercial electricity increased slightly - closing at 37.33ppt and £39.28/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