| Gas | Power |
| Market Close | Market Close |
| Gas prices decreased on Friday as supply levels were healthy, with strong flows into the continent from Norway and Russia. Dutch production and LNG send-outs were also comfortable, while weaker demand was expected over the weekend. However, a rise in coal and oil limited losses on the far-curve. | Near-curve power contracts moved higher at the end of last week despite a milder weather outlook. Healthy gas supply limited some of the upward movement, while stronger Brent and coal offered additional bullish pressure at the back of the curve. |
| Market Open | Market Open |
| The UK gas system is balanced this morning as storage withdrawals and LNG send-outs have decreased due to lower demand. Gas prices are stable-to-bearish, although support has been provided by a rise in coal and carbon. | Power prices at the front of the curve have eased down on the back of milder weather and an increase in renewable generation. Meanwhile, an announcement that a 13GWh coal-fired power plant in Germany is set to close by 2022 has supported longer dated contracts. |
For a breakdown of the current generation mix visit our Power Generation Insights page.
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Brent Summary Brent 1st-nearby prices have moved higher but are range-bound below $62/b due to contrasting fundamentals. 1-year forward prices Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 55.30ppt and £57.93/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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