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.
28th March 2013 | Posted by: James Turner | Market Analysis
There has been little change in spot prices which remain tight as European nuclear power is in short supply, not helped by maintenance being started on the Tihange-1 in Belgium on Saturday, a drop in thermal generation in Germany and low wind production. How did the energy markets close? Day-Ahead gas saw a drop of 8.25ppt and closed at 90.5ppt while concerns over the supply were helped by impro…
There was a plunge in equity markets and in particular banking, while the EUR/USD conversion fell to a new 4-month low at 1.2830. Due to the colder weather and interconnector outages there has been an increased call on thermal assets and gas prices remained firm which helped support spot prices in France yesterday.