|Market Close||Market Close|
|Gas prices moved down on Friday with a drop in coal adding to bearish sentiment across the curve. Maintenance at the Nordstream pipeline was also expected to be concluded over the weekend which will result in improved supply levels.||Power prices displayed gains on Friday with high demand for cooling lifting prices at the front of the curve. However, upward movement on the far-curve was restricted by a drop in coal, gas and coal.|
|Market Open||Market Open|
|The UK gas system is close to balance as temperatures are close to the seasonal norm following last week’s heat wave and flows from Norway are on the rise. Gas prices have decreased as a result, however, storage injections are expected to resume which could tighten supply.||Fuel markets display further loss this morning which has contributed to gains on the power curve this morning. Temperatures are also cooler this morning which has reduced demand levels, with improved solar availability making up for low wind levels.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices stabilised over the weekend and show little change from Friday’s open and trade around $63.5/b. Tensions in Iran remain a factor, while talks between the US and China are expected to place in regards to trade deals.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas & commercial electricity decreased – closing at 48.90ppt and £53.80/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.