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.
Trading on gas markets was quite lively yesterday but prices still ended the session almost unchanged. Commodity markets moved in different directions which created mixed sentiment, while short-term fundamentals are healthy, limiting upward movement on the near-curve.
Power prices are stable-to-bearish this morning, although weak renewables have helped the prompt climb higher. A mild weather outlook has helped towards bearish movement on the near-curve, while contracts further out continue to follow weakening commodity markets.
Gas prices displayed little movement during Thursday’s session, showing only minor gains by the day’s close. European energy markets traded slightly down, with coal and carbon markets recorded additional losses, providing resistance on the far-curve.
Movement along the gas curve was mixed on Wednesday, although a drop in coal later in the session helped prices close down. Carbon also displayed a small decrease, while oil was unchanged. Meanwhile, the supply/ demand outlook was comfortable, with a steady influx of LNG deliveries expected in the coming weeks.
Streamlined Energy & Carbon Reporting (SECR) came into effect at the start of April 2019, replacing the CRC energy efficiency scheme which has been criticised for its complexity.