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 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.
Gas prices displayed further losses yesterday, with increases on coal, carbon and power markets having little impact. LNG send-outs remained strong with 4 more deliveries expected to dock in the UK over the weekend, while oil eased down in the afternoon, weighing on some far-curve contracts.
Gas prices continued to move down on Wednesday as traders left their positions as the winter period comes to a close. Storages are close to capacity and flows into the UK are strong. Meanwhile, oil was the only market to increase during a very bearish session.
Gas prices displayed additional losses during Tuesday’s session as overall fundamentals remained bearish. Small increases on coal and oil markets offered some support to the far-curve, while the Pound dropped later in the day.