28th August 2018 | Posted by: Lawrence Carson | Market Analysis

Gas Power
Market Close Market Close
Trading activity on the European gas markets was weak yesterday due to the UK market being closed. The bullish price trend continued as confirmed by trades on the continent. Increases on gas, carbon and coal markets boosted power prices again. Decreases in nuclear power availability, along with a lack of wind power also meant higher power margins.
Market Open Market Open
Norwegian supply will continue to be limited today. Trading at overbought levels means that near curve prices could be more limited. Further out, the trend should remain bullish. Further gains on the power prices are expected today. The UK markets will have some making up to do today whilst continental power markets traded significantly up yesterday.

For a breakdown of the current generation mix visit our Power Generation Insights page.

Brent Summary

Brent is now trading above $76/b. Prices are expected to continue on their positive path as Brent could hold above the $76/b mark.

1-year forward prices

Market close data has revealed that the 1-year forward price for both commercial gas and commercial electricity increased – closing at 65.96ppt and £64.50/MWh, respectively.

click to enlarge.

energy price graph 28/08/2018

Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.

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