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 rose again yesterday, with support provided by stronger coal and oil. Power and carbon also strengthened, offering additional support, while a drop in renewable power lifted gas demand and helped the prompt move higher.
Gas prices eased down on Monday afternoon as upward movement on coal and carbon markets calmed, while power traded lower. Oil remained flat, while strong wind generation and improved imports balanced the system.
Gas prices moved down at the end of last week, pressured down by weaker coal and power, with carbon contracts also dropping by €1. Oil was mostly flat, while the prompt closed down on the back of an expected drop in demand over the weekend and the start of this week.