|Market Close||Market Close|
|Gas prices displayed strong gains yesterday due to a technical rebound and low storage levels. Temperatures are set to remain mild over the coming days but should turn colder in the second week of February, offering further support to the curve.||An expected drop in wind generation today contributed to upward movement on the power curve on Monday with the majority of contracts following their stronger gas counterparts. Temperatures should remain mild until next week at least which limited some of the gains but rising coal helped far-curve contracts to close at a premium.|
|Market Open||Market Open|
|The gas curve continues to climb higher this morning but low demand levels should help to weigh on prices throughout the session, while ample supply should offset the effects of limited stocks. However, oil prices are bullish at present and could help towards gains on the far-curve.||A colder weather forecast for next week has pushed near-curve power contracts higher this morning, with rising fuel markets contributing to the gains further along the curve. Wind generation has also fallen today but current demand levels remain below average.|
Brent 1st-nearby prices recorded losses yesterday but have recovered slightly this morning to trade back above $55/b. Fundamentals are unchanged with efforts made by OPEC producers to cut output being offset by a rise in US rig counts.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity increased - closing at 48.50ppt and £47.21/MWh, respectively.
Today's prices can also be found in an easy to read table on or '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.