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.
31st March 2021 | Posted by: Rebecca Haughton | Market Analysis
Power prices have increased slightly this morning, with Year Ahead prices up by £1.01/MWh. Wind demand has dropped, increasing demand however, solar generation can help pick up some of the slack with the short-term sunny conditions.
Weak demand weighed on gas contracts yesterday as strong renewable generation reduced the need for CCGT capacity and temperatures remained above the seasonal norm. Movement further out was subdued as commodity markets failed to display a clear trend.