|Market Close||Market Close|
|Gas prices decreased towards the end of Wednesday’s session to end the day at a discount. Prices ignored a rebound in oil and coal, although colder temperatures offered support to the prompt.||Power prices eased down yesterday, following movement on the gas curve. A recovery on oil markets helped to limit the losses, while wind generation was expected to improve today, helping the Day-Ahead contract shed from its price.|
|Market Open||Market Open|
|Gas prices have opened higher as coal and oil continue to strengthen. A drop in temperatures has lifted residential demand but a strong rise in wind levels has reduced reliance on gas-fired power.||A rise in gas, coal and oil has supported power prices this morning, with the majority of contracts opening higher. Wind levels are expected to fall again tomorrow which has seen the prompt strengthen, while cooler weather has capped downward movement on the front-month.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices have climbed towards $23/b as Norway has joined OPEC nations in cutting production in an attempt to support the market.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased – closing at 30.27ppt and £38.65/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.