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.
Research conducted by UK Power Networks (UKPN) shows that the majority of motorists in the UK would back a smart charging market which would allow them to charge an electric vehicle (EV) outside of peak times
Gas contracts displayed only minor losses by the end of Wednesday’s session, with the larger decreases recorded towards the back of the curve. Carbon continued to fall, as did coal, while the oil market remained extremely weak.
Gas contracts shed from their price on Tuesday, continuing to follow the broader energy complex and falling equity markets, resulting in talk of a possible recession. Losses were not as significant as previous sessions but an expected rise in demand today offered additional support to the prompt.
Apollo Energy would like to reassure our customers that we are making the necessary arrangements to operate our business with the minimum of disruption amid the situation with Covid-19 (Coronavirus).
US futures saw their worst day of trading since 1987, impacting markets across the world. Jet fuel and gasoline prices fell below the cost of crude production and this heavily weighed on energy markets, with carbon seeing the largest loss. This resulted in losses across the gas curve, with supply fundamentals having minimal impact.