|Market Close||Market Close|
|Gas prices rose again yesterday, with support provided by stronger coal and oil. Power and carbon also strengthened, offering additional support, while a drop in renewable power lifted gas demand and helped the prompt move higher.||Power prices displayed minor gains on Wednesday, with feedstocks, coal and gas all trading higher, while carbon also remained bullish. Wind levels dropped, with a further decrease expected today, although solar levels were forecast to improve.|
|Market Open||Market Open|
|The system has fluctuated due to wavering demand this morning, as temperatures and wind levels vary across the country. Prices have opened a touch lower due to weakening European equities and mixed movement on commodity markets.||Power prices have followed the overall energy complex and trade lower this morning. Oil and carbon have both corrected down, while upward movement on coal markets is insignificant.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices moved higher yesterday but have since eased back below $43.8/b; as it stands, markets struggle for direction.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased, closing at 30.74ppt and £42.18/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.