|Market Close||Market Close|
|Most gas prices fluctuated on Wednesday, displaying gains in the morning before ending the session at a loss. Cold temperatures provided support at the start of the session but healthy supply levels offered bearish pressure throughout the day.||Power prices mirrored gas by climbing higher in the morning before falling sharply in the afternoon. Healthy gas supply and a weaker demand outlook for today weighed on near-curve prices, although a rise in oil and coal limited losses further out.|
|Market Open||Market Open|
|A slight drop in demand and a long system has helped towards losses at the front of the curve this morning. Milder weather is forecast for next week, adding to the bearish sentiment, while carbon and coal markets have also eased down.||Lower demand thanks to a slight uptick in temperatures and improved renewables has helped near-curve power prices to move down this morning. Weaker coal, gas and carbon markets have also contributed to losses further along the curve.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display minor gains as the US Federal reserve vowed to keep interest rates steady, with a drop in production levels in Venezuela and Saudi Arabia also a supportive factor.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 54.60ppt and £56.98/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.