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 electricity spot market was at its highest point since late May this morning as numerous outages at thermal plants have affected supply. Wind generation is forecast to be lower than anticipated today and European Energy Exchange Front-Month prices increased.
Warm temperatures look set to continue but current supply issues are thought to be the biggest price influencer at present. A number of outages occurred in Germany and France which has led to a decrease in production and should prevent any losses to spot prices.
New proposals for energy saving assessments for companies with 250 or more employees have been published by the Department of Energy and Climate Change.