|Market Close||Market Close|
|Gas prices decreased yesterday, with losses displayed from the prompt to the back of the curve. Temperatures are forecast to be above the seasonal norm for the start of December which will weigh on demand. Meanwhile, oil, coal and carbon markets weakened, offering further bearish pressure.||Power prices displayed losses on Thursday, with downward pressure provided by weaker gas, coal and carbon. Healthy wind levels were expected to continue today and over the weekend which will reduce reliance on gas-fired power, with mild weather also expected next week.|
|Market Open||Market Open|
|The UK gas system has opened balanced this morning as flows have increased from European pipelines and LNG send-outs are higher. Gas prices are generally stable this morning, with little direction provided by coal, carbon and power markets.||Power markets have opened slightly higher this morning due to a rebound in coal & carbon prices, with gas offering no support in either direction. Meanwhile, weather forecasts are unchanged, helping to cap any upward movement at the front of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have shown little movement from the start of this week and remain just below their 200 day moving average. Prices are little changed from yesterday with preliminary OPEC meetings suggesting that further cuts are likely.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 43.93ppt and £48.83/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.