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 decreased on Monday, pressured down by falling coal and oil markets. Healthy renewable power reduced gas demand, further contributing to losses at the front of the curve, while milder weather was forecast for later in the week.
Gas prices displayed mixed movement on Friday, with losses at the front of the curve and some support further out. Strong wind levels were expected over the weekend which helped to weigh on the prompt as less gas-fired power would be required.
Gas prices moved down yesterday morning but the bulls took control in the afternoon and prices ended the day almost unchanged. Overall commodity markets were slightly bearish with carbon, coal, oil and power price trading down.
Gas prices showed little movement yesterday, with the more significant movement displayed by longer dated contracts as a rise in coal and oil provided support. The prompt found direction from a drop in wind levels and colder weather which lifted gas demand.