|Market Close||Market Close|
|Gas prices traded down on Monday with healthy supply levels and a milder weather outlook weighing on the near-curve, with the Front-Month contract displaying the largest loss. Further out, prices followed weaker coal and oil markets and also moved down.||A milder weather forecast and weaker gas & carbon markets helped to apply bearish pressure across the power curve yesterday. Coal and feedstocks also displayed a loss, while an expected uptick in wind levels helped the prompt move down.|
|Market Open||Market Open|
|The UK gas system is slightly oversupplied this morning with colder temperatures lifting demand levels, however, improved Norwegian flows ramped up to offset the impact. This has resulted in further losses on the prompt and near-curve, while the far-curve was pressured down by weaker commodity markets.||An increase in carbon has helped some power contracts to record gains this morning. Feedstocks, gas and coal also provided little direction to power, while bearish oil has applied some downward pressure to the far-curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have re-continued last week’s bearish trend due to a rise in US stocks, although further OPEC production cuts are likely which could offer support later in the week.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 45.73ppt and £50.26/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.