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.
SP Energy Networks and Piclo, an independent online marketplace has submitted a tender for flexibility services in 40 of its licensed areas across England, Scotland and Wales.
Gas markets stabilised during Wednesday’s session despite a rebound in oil, equities and carbon. Norwegian imports were reduced further, while LNG send-outs were also lower compared to last week. However, revised forecasts point towards warmer weather which is expected to weigh on demand.
Gas prices decreased again yesterday as the curve was dictated by a strong drop in oil. LNG send-outs were stable but a decline in imports from Norway and a rise in gas-fired power demand tightened the system, offering support to the prompt.
Gas prices eased down yesterday, with coal, oil and carbon markets all closing lower, contributing to losses at the back of the curve. The front of the curve was dictated by a colder weather outlook, with a slight drop in renewable power also expected today.
Gas prices found bearish resistance from a fall in oil, coal and carbon on Friday, despite opening the session higher. The system was long throughout the session but an expected drop in renewables over the weekend offered some support to the prompt.