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 added to their price on Monday following a sharp rise in coal prices, in addition to a bullish oil market. Sanctions on Iran and a drop in Saudi oil production helped to lift oil prices, while coal was supported by Chinese demand. The short term supply/ demand outlook was little changed from last week and gas prices instead found direction from fuel markets.
Gas prices climbed higher on Friday with direction coming from bullish fuel markets, with carbon, coal and oil prices all posting gains. A healthier renewable power outlook for the start of this week will reduce CCGT demand, capping gains at the front of the curve but the overall trend remained bullish.
Gas prices displayed little movement yesterday as oil and coal markets moved in the opposite directions, cancelling each other out. Cooler temperatures also led to a slight rise in residential demand, with weaker renewables forecast for today, lifting CCGT demand; this helped to cap any bearish movement on the near-curve.
The government has published its plan for new Streamlined Energy and Carbon Reporting (SECR) regulations.The plan outlines a replacement for current CRC Energy Efficiency Scheme which will be scrapped next year as businesses complain it is too complex.
Gas prices displayed losses across the curve on Wednesday with a significant drop in oil and coal prices sparking bearish movement on the far-curve. Whereas the front of the curve was dictated by an oversupplied system and a warm weather forecast.