|Market Close||Market Close|
|Gas prices moved higher across the curve during Wednesday’s session, with a significant drop in LNG send-outs providing bullish pressure on the near-curve. Increased storage injections and additional flows from the continent via the BBL & IUK pipelines were required to balance the system.||Power prices moved down yesterday on the back of a mild weather outlook for next week and an expected rise in wind generation over the coming days. However, a rise in coal and feedstocks offered some support to the far-curve.|
|Market Open||Market Open|
|Gas prices display little movement this morning despite weaker supply which has resulted in a short system. Norwegian flows have increased slightly to help offset the shortfall, while commodity markets have opened lower, offering resistance.||Mixed changes can be seen across the power curve this morning with losses displayed at the front of the curve and some gains further out. Oil markets have eased down, while the Pound has strengthened, helping to pressure down most contracts.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices decreased yesterday following the release of the latest IEA report which showed an increase in production. However, prices show a small recovery this morning as US trading has closed for Thanks Giving.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas decreased, while commercial electricity recorded a small gain – closing at 44.20ppt and £49.18/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.