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 power market has strengthened over the weekend with scheduled maintenance at numerous plants an influencing factor, while the UK gas system was stable on Friday and resulted in an increase in storage injections.
The prompt market saw contracts weaken yesterday following an increase in supply levels while nuclear production has also improved. The UK gas system tightened yesterday following higher demand, weaker UK production due to a drop in BBL flows and a series of outages at facilities.
On the spot marker the cooler weather forecast has been offset by a rise in wind generation which should help contracts stabilise. On the UK gas market supply levels have improved this morning thanks to higher flows from the Theddlethorpe facility which should see October 2013 prices move down.