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.
Higher demand levels helped spot prices move higher yesterday but the price gains were limited by higher wind availability. Today wind production is still healthy but a large increase in Brent and stronger demand helped the bulls take firm control of the curve.
Spot prices made a sizeable loss over the weekend due to improved wind production on the continent. Lithuania, the current holder of the EU Presidency has also given support for carbon backloading along with Germany which has also affected prices.
Spot prices are expected to show more downward movement than upward in the coming days on the back of improved nuclear and wind generation as well as mild temperatures until the middle of next week at least.