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 moved down during Tuesday’s session with direction coming from a drop in coal, power and carbon markets. There is a cold weather outlook as we head towards the weekend but this has been offset by an expected rise in wind generation.
Changes along the gas curve were minimal yesterday despite a drop in coal and carbon, with oil the only market to strengthen. A colder weather outlook offered support to the near-curve but any gains were offset by healthy supply levels.
The government has outlined new measures to improve and speed up the UK’s protection against climate change. The new proposals are in response to recommendations made by the Climate Change Committee (CCC).
Gas contracts shed from their price yesterday with the prompt taking direction from lower demand and healthy supply. Meanwhile, prices further along the curve were pressured down by a falling oil market.
Gas prices moved down at the end of last week, with the exception of the prompt which found support from a tighter system and increased power demand. The rest of the curve was pressured down by a drop in oil and carbon, while coal was unchanged.