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 gains yesterday despite a bearish opening to the session. Support was provided by a stronger overall energy complex, with oil, carbon, coal and power all moving higher. Upward movement at the front of the curve was slightly restricted by a milder weather outlook which should result in weaker demand.
Near-curve gas prices displayed gains on Tuesday morning on the back of an undersupplied system. However, prices eased down as the session progressed as the supply picture remained comfortable with a number of LNG deliveries expected before the end of the month.
Gas prices showed little change from open to close, initially moving lower before rallying later in the session. The system was undersupplied which helped towards gains on the near-curve as a drop in renewable power lifted gas demand. A rise in oil also provided support to contracts further along the curve.
Gas prices continued to move down on Friday, adding to the bearish trend displayed throughout the week. Coal, power, carbon and oil markets all displayed losses, while the system was oversupplied throughout the session.
The government suggested that a new small business energy efficiency scheme could result in an annual saving of £2.5bn and it is now seeking proposals to assess the best options available.