|Market Close||Market Close|
|Gas prices moved down on Friday and followed the overall energy market, with oil and carbon displaying a loss. Oil prices were pressured down by the return on Saudi oil production, while the near-curve weakened on the back of a healthy LNG outlook.||Power prices were stable on Friday, ignoring weaker gas and carbon prices. The prompt was one of the few contracts to climb higher in the afternoon as the renewable generation forecast for the start of this week was low.|
|Market Open||Market Open|
|Gas prices continue to weaken this morning with an increase in Norwegian flows helping to weigh on the near-curve; production is close to full capacity as annual maintenance has concluded. Falling oil prices have also provided bearish pressure at the back of the curve.||Near-curve power prices have climbed higher this morning with support provided by limited renewable availability and a colder weather outlook. Further out, sentiment is slightly bearish as coal, gas and carbon markets have decreased.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display a strong loss as Saudi Arabian production is back to normal, prices are currently similar to this time last year and trade around $60.7/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 46.28ppt and £51.42/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.