|Market Close||Market Close|
|Gas prices decreased across the curve yesterday, erasing Tuesday’s gains. Prices followed the rest of the European energy complex, with coal, power and carbon markets all displaying losses. Further bearish pressure was provided by a milder weather outlook.||Power prices fell strongly yesterday with mild and windy weather helping to pressure down prices on the near-curve. The rest of the curve was dictated by weakening commodity markets which all displayed a bearish trend.|
|Market Open||Market Open|
|Gas prices continue to ease down this morning as coal, carbon and power contracts display further losses. Temperatures for the coming weeks have also been revised higher once again which will keep a cap on heating demand.||The 15-day weather forecast shows mild temperatures which has helped to weigh on power prices this morning, with windy conditions contributing to a strong loss on the prompt. Meanwhile, commodity markets have failed to offer any support to the back of the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have fallen below $58/b again due to a rise in US crude stocks, while concerns regarding the economic impact of the Coronavirus remain an on-going factor.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 31.06ppt and £39.60/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.