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.
The Rough storage site will not be available for injections until at least the 1st of July, Centrica has confirmed.
Gas contracts inched higher Tuesday morning but another upward revision in temperatures helped towards losses in the afternoon. The UK gas system was long following an increase in UKCS production, while wind levels are also expected to improve next week, weighing on the prompt. Further out, contracts were generally stable with little support coming from coal and oil markets.
Ofwat has opened a consultation to collect views and opinions in regards to its TPI code of practice principles.
Gas prices moved down yesterday on the back of the mild weather forecast for the rest of February. The expected delivery of an LNG shipment at the Isle of Grain also helped to weigh on prices, with weaker oil and coal markets an additional factor.
Gas contracts moved down on Friday as the second half of February is expected to be mild, with a significant drop in demand expected today helping the prompt record a loss. Outages at the Rough and Bergermeer storage facilities failed to offer much support, although an increase in Brent helped to limit downward movement on the far-curve.