|Gas prices continued to weaken yesterday, under pressure from falling coal, oil, power and carbon prices. Disruption to the LNG deliveries helped to push near curve prices higher, however selling pressure and weak oil and carbon prices saw the curve move lower.
|Power prices followed Gas yesterday, while the falling carbon prices also helped prices move lower. Only the Day-ahead Power managed a gain on supportive spot Gas.
|The Gas system is balanced this morning, on the back of falling demand and warmer weather, as well as improved flows from Norway, Russia and LNG sendouts. Pressure is expected to continue with early trade action seeing losses.
|The Power market is trading flat to the previous close this morning as traders watch for further downward movement in the Gas market. Warmer weather forecasts could add additional pressure to prices.
For a breakdown of the current generation mix visit our Power Generation Insights page.
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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.