|Market Close||Market Close|
|Gas prices displayed mixed movement throughout yesterday’s session and ended the day almost unchanged. The spread of the Coronavirus in China has caused concerns of an economic slowdown, offsetting bullish factors such as a colder weather outlook and undersupply.||Power prices displayed little change during Monday’s session as gas contracts moved sideways. Healthy wind production helped to pressure down the prompt, while commodities offered little support in either direction.|
|Market Open||Market Open|
|The UK gas system remains short this morning despite low demand, as strong wind levels have reduced the need for gas-fired power. Meanwhile, commodity markets are largely bearish, resulting in mixed movement across the gas curve.||Weaker fuel markets and concerns regarding a global economic slowdown have helped to limit upward movement on the power curve and prices remain stable this morning. Wind levels remain healthy, contributing to another loss on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices stabilised yesterday, following a strong loss over the weekend and display a small gain this morning. Support has been provided by suggestions that OPEC would consider further production cuts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas moved higher, while commercial electricity displayed a strong loss – closing at 32.22ppt and £38.42/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.