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 traded higher during Wednesday’s session, with tighter supply contributing to gains on the near curve as imports to the UK decreased. Further out, prices were pushed higher by stronger oil and carbon.
Gas prices moved slightly higher on Tuesday, following upward movement across the broader energy complex. Carbon moved down following strong gains on Monday, while a healthier demand outlook weighed on the prompt.
Carbon credits increased by over €2 yesterday which helped to lift energy markets, including gas. Coal and oil markets were mostly flat but gas contracts followed their power counterparts, with a weak renewables outlook lifting the prompt.
Gas prices continued to trade sideways yesterday as commodities offered mixed sentiment, with oil trading lower and carbon, coal & power markets recording gains. The system was also tighter due to reduced imports, although an expected rise in renewable power today helped to weigh on the prompt.