|Gas prices decreased on Monday as the overall energy complex was weak, with coal, carbon, power and oil markets all showing losses. An expected rise in temperatures further weighed on contracts at the front of the curve, in addition to healthy supply.
|Near-curve power prices increased yesterday due to weak renewables and cold weather. However, the rest of the curve displayed losses with direction coming from weaker fuel markets.
|The UK gas system has opened long this morning as flows remain healthy and demand shows a gradual decline due to a slight rise in temperatures. Coal, oil and carbon markets have also moved down, weighing on far-curve prices.
|Power prices have moved down this morning, following their gas counterparts with UK markets dictated by falling carbon, coal and oil. Longer-dated contracts have also weakened despite news regarding the shutdown of a large-scale German power plant.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have moved down despite news that the US have placed sanctions on Venezuelan oil production; Brent currently trades just below $60/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 54.67ppt and £57.16/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.