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.
A new battery storage system is set to be installed at Bristol City Hall which is estimated to generate around £33,000 a year for the Council in income and savings.
Gas prices were slightly supportive yesterday, with bullish pressure coming from a rebound on commodity markets. However, any upward movement at the front of the curve was limited by healthy supply and a drop in demand.
Gas prices carried on last week’s bearish trend during Monday’s session, finding direction from weakening commodity markets, driven by spread of the Coronavirus in China. Milder and windy weather, combined with strong flows and high storage levels also weighed on prices.
Gas prices moved down on Friday, recording an overall weekly loss, with little in the way of support. Stronger supply and low demand helped to pressure down the near-curve, while the far-curve found direction from weaker commodities.