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.
A drop in wind and nuclear generation in addition to lower than average temperatures led to spot prices making significant gains yesterday. However prices further along the power curve moved down on the back of weaker carbon and coal prices.
Spot prices displayed no clear trend on Friday with some contracts strengthening and others falling by the end of the session. A varied weather forecast in Europe resulting in differing demand expectations is the cause of this mixed movement.
Spot prices moved down yesterday due to the usual drop in demand on Fridays and on the back of an improved wind generation forecast. A drop in Langeled flows led to a tighter UK gas system and in turn resulted in higher NBP prices yesterday.