|Market Close||Market Close|
|No trading took place yesterday due to the Bank Holiday weekend, while movement on Friday was generally bearish. Weaker flows from Norway moved the system closer to balance but an expected improvement in renewable power this week helped to weigh on the near-curve.||UK trading was closed yesterday, while European markets showed only minor changes. Oil and carbon offered support to some contracts on the far-curve, but prompt prices were largely static.|
|Market Open||Market Open|
|The system remains balanced this morning as slightly cooler temperatures have lifted demand, while Norwegian flows have increased. Oil has eased down this morning following a bullish session yesterday, while coal and carbon markets offer little direction.||Trading is subdued this morning with most contracts showing very little change from Friday. Temperatures are set to turn warmer this week which will weigh on demand, with a rise in wind levels also expected over the coming days.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have recovered over the bank holiday and trade above $70.1/b. Bearish pressure was provided by a strong rise in US crude stocks but overall sentiment is supportive due to a combination of geopolitical issues.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas is unchanged, while commercial electricity decreased – closing at 50.09ppt and £53.55/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.