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.
Far-curve gas prices decreased during Wednesday’s session due to weakening coal, carbon and oil markets. However, prompt prices moved higher on the back of a colder weather outlook which will lift demand levels.
State aid approval for the UK Capacity market has been annulled following a court ruling this afternoon, resulting in a ‘standstill period’.
Winter and prompt gas prices increased during yesterday’s session due to an expected drop in temperatures and a tighter gas system. Meanwhile, prices further along the curve were generally bearish with direction coming from a strong loss for Brent, while coal and carbon also moved down.
Gas prices climbed higher on Monday as weather forecasts point to a cold spell later in the month, while coal and carbon markets also increased. The larger gains were displayed at the front of the curve despite a long system.
12th November 2018 | Posted by: Lawrence Carson | Market Analysis
Gas Power Market Close Market Close Gas prices were left broadly unchanged on Friday, even with the lower prices for oil and coal. Short covering on the weekend along with some concerns over a drop in temperatures kept prices up. A peak in wind power generation over the weekend weighed down on spot prices, along with mild conditions continuing on Monday/Tuesday. Further out on the curve, mo…