Apollo Energy publishes a daily energy market analysis, focusing on the gas, power and oil markets including a commentary on how the markets close and open. Our analysis provides insight on how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
Gas prices displayed little change during Thursday’s session despite a long UK gas system and weaker commodities. The prompt weakened thanks to mild temperatures and stable renewables, while a drop in coal and carbon limited upward movement further out.
Gas prices displayed a rebound during Wednesday’s session as the UK gas system fell short due to a drop in Norwegian supply. However, prices further along the curve were more resilient thanks to weaker coal and oil contracts.
Gas prices traded down on Tuesday thanks to an oversupplied system, as Norwegian flows ramped up. Far-curve prices ignored a rise in coal and oil as a healthy outlook in terms of fundamentals dictated the gas market.
Flex Assure is a voluntary scheme which aims to improve standards within the DSR market. It has been developed to ensure increased transparency, giving businesses added confidence in the services on offer in order to build trust across the market.
Gas prices continued along a similar trend yesterday with the near-curve displaying losses and contracts further out climbing higher. Healthy LNG send-outs and a warmer weather outlook weighed on the front of the curve, while bullish oil offered support to longer-dated contracts.