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 contracts traded down on Monday with Front-Month and seasonal contracts taking direction from weaker coal and carbon prices. Supply levels are also expected to improve in the coming weeks as Norwegian maintenance has ended and the LNG delivery schedule is healthy.
The Department of Business Energy and Industrial Strategy has begun a consultation in regards to policy framework for the installation of smart meters beyond the current rollout duty which ends after the 31st of December 2020.
Gas contracts climbed higher during Friday’s session, following rising coal and carbon markets, while oil stabilised. A weaker supply/ demand outlook for the start of this week offered additional support to the near-curve.
Gas prices were generally stable during Thursday’s session with an undersupplied system offset by a healthy LNG outlook and comfortable storage levels. Contracts largely ignored increases on coal, oil and carbon markets and movement on the far-curve was minimal.