|Market Close||Market Close|
|Gas prices continued to fall yesterday as the news of clearing the Suez over the weekend hit markets, April closed 1.4ppth lower than last week with Summer-21 down 1ppth.||Prompt power markets were interesting yesterday with the traded markets reaching highs of £83/MWh in the early morning peak, however through the early afternoon lull pricing reached a low of £-55/MWh on strong wind load factors and a long system.|
|Market Open||Market Open|
|Warm weather and steady Norwegian flows have the UK gas system 15mscm long this morning. Temperatures are above average which are expected to continue into tomorrow with a bearish outlook held for the remainder of the week and into the Easter weekend.||A mixed view across the power markets this morning as the 1 year forward price remained steady, prompt prices increased +£0.21/MWh and further across the curve losses have been seen of up to -£0.83/MWh. Power markets expected to follow gas at some point and trade down on the prompt.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent Crude oil increased marginally yesterday and ended the day +0.63%. This morning Brent is trading at $64.98/bbl.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas increased whilst commercial electricity held the same value, closing at 49.89ppt and £60.25/MWh, respectively.
click graph to enlarge
Today’s prices can also be found in an easy to read table on our current UK energy price page.
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.