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.
Gareth Amos, Senior Pricing/Data Analyst at Apollo Energy talks procurement, sport and travelling in our latest 'In the Pipeline' feature.
Comfortable wind generation reduced CCGT demand yesterday, while milder weather resulted in a drop in residential demand, offsetting the effects of a short system and helping near-curve gas prices move down. Unplanned outages restricted some of the losses, while bullish oil provided upward pressure on the far-curve.
Movement on the gas curve was largely bearish on Wednesday as above average temperatures were forecast for the rest of the month which will lead to a drop in residential demand. Supply levels were constrained by an outage in Norway resulting in a short system, restricting some of the losses, while weaker Brent weighed on the far-curve.
An outage in Norway and a drop in flows via the BBL pipeline tightened the UK system yesterday and limited any downward movement at the front of the curve. Bearish pressure was provided by the expected drop in LDZ demand next week and far-curve prices stabilised with little support provided by fuel markets.
Energy Suppliers are working quickly to establish electric vehicle infrastructure in order to get a foothold in the market.