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.
Spot prices climbed higher yesterday on the back of reduced nuclear availability, a decline in wind generation and colder weather. Today should see little change to fundamentals therefore prices are expected to hold firm today.
Spot prices have climbed higher over the weekend due to a drop in temperatures and a decline in wind generation. This downward tension should continue as temperatures and wind generation levels should remain low until Wednesday at least.