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 moved down yesterday as temperatures for next week were revised higher, easing fears of a potential supply shortage. Several LNG deliveries are also scheduled to arrive in the UK over the next few days, further weighing on the near-curve. Further out, prices displayed some losses in the afternoon as coal and oil markets weakened.
Take a look at our Energy Market Analysis from the end of February and into March, and perhaps not surprisingly, freezing temperatures were among the key topics of discussion.
A healthier supply/ demand picture was forecast for today, helping Day-Ahead gas move down yesterday afternoon. Gains recorded in the morning were erased as the session progressed as next week’s drop in temperatures is not expected to be severe. Further out, prices were pushed higher by bullish carbon, coal and oil.
Businesses must upgrade their gas and electricity meters to either an automated (AMR) or smart meter by 2020 as part of the Smart Meter Rollout programme. The upgrade will allow business owners to be more in control of their energy usage, helping the UK work towards a smarter, more efficient and environmentally-friendly energy network.
Unplanned Norwegian outages restricted flows into the UK yesterday, resulting in a short system, helping gas contracts move higher. A cold outlook for the end of March and the start of April also provided upward pressure on the near-curve. Meanwhile, another rise in oil prices offered support to prices at the back of the curve.