|Market Close||Market Close|
|Gas prices moved down on Thursday ahead of the expiry of several contracts today. A healthy LNG outlook, a mild weather forecast and a drop in coal prices helped towards bearish sentiment across the curve.||Power prices traded lower yesterday with downward pressure provided by weaker gas and coal. Cooler temperatures are expected at the start of next week but mild weather is forecast for the coming weeks, while renewable availability should be around the seasonal norm.|
|Market Open||Market Open|
|The UK gas system has opened long this morning following a drop in demand which has helped towards losses at the front of the curve. The oil market is stable-to-bullish, while coal displays another decrease, weighing on some far-curve prices.||Movement on the power curve is bearish this morning as the April, Q-2 and Summer-19 contracts will expire today as summer trading commences on Monday. Little direction has been provided by fuel markets, while the supply/ demand outlook appears comfortable.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are little changed from yesterday’s open as the effects of Donald Trump’s Twitter comments, asking for OPEC to boost production were short lived. Any losses were quickly recovered as recent data shows on-going decline in global output.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 43.42ppt and £49.29/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.