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 were down today due to the warm weather and higher renewable and nuclear generation in Germany. The temperatures are expected to stay above the seasonal average for the time being with no indication of changing in the next few days.
Spot prices are expected to fall further over the coming days as a result of the continued warmer weather and healthy supply. The drop in prices could be limited though due reduced nuclear availability and hydro production.