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.
Spot prices fell on the back of improved wind generation; the supply picture is also healthy despite colder weather on the continent. The rest of the week should see below average temperatures in the UK and further bearish pressure is expected.
Spot power prices are expected to move higher over the next few days due to colder temperatures, leading to higher consumption; however the gains will be slightly limited by softer coal and carbon prices.