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 were pushed higher by strengthening coal, carbon and oil markets and erased any losses displayed at the start of the session. CCGT demand was also forecast to rise today due to weaker renewable power, with a long system having little impact on prices.
Gas prices inched lower during yesterday’s session following the trend set by European energy markets. Brent was the only market to strengthen, with sentiment provided by positive OPEC comments and seemingly relaxed tariffs on China.
Gas prices displayed strong upward movement during Monday’s session with direction coming from rising coal and carbon markets. The prompt was the exception to the bullish trend as the system was oversupplied throughout the day thanks to an increase in Norwegian flows.
Wind power in the UK can now power the equivalent of 14 million households after breaking the 20GW barrier in installed capacity. As well as powering homes, wind generation has also reduced carbon emissions in the UK by 23 million tonnes a year.
Near-curve gas prices were on the rise on Friday, while contracts further out were mostly flat. Coal and oil prices moved down, limiting upward movement on the far-curve, while a strong carbon market dictated the front of the curve.