|Near-curve gas prices decreased on Wednesday thanks to an oversupplied system, as milder weather reduced demand levels. The losses filtered through to the rest of the curve, with coal and oil markets also showing weakness.
|Power prices followed their gas counterparts yesterday with near-curve prices showing a sharp decrease and the far-curve displaying minor downward movement. Meanwhile, coal and oil markets eased down but carbon offered some resistance.
|Gas prices display little movement this morning with the system close to balance and little change to weather forecasts. Coal and oil markets remain slightly bearish, while power contracts provide little direction.
|Trading on the power curve is minimal this morning as gas prices are stable, coal and oil are slightly bearish and carbon displays a small increase. Wind levels have picked up as expected, weighing on the prompt, while warm weather is expected over the weekend.
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a small loss this morning ahead of the release of today’s EIA report which is expected to provide bullish sentiment.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 50.25ppt and £54.00/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.