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 went up slightly yesterday as wind generation in Germany was expected to decrease this morning. However German wind generation is forecast to return to the high levels of last week tomorrow which will lead to prices turning bearish again.
Supply levels will be helped by improved nuclear generation in Germany and demand over the weekend is expected to be at reasonably low levels. Coal prices both clean and conventional went down which also led to a decrease in power prices on the spot market.
Spot prices were slightly lower yesterday as a result of higher renewable and nuclear production which made up for a slight increase in demand. A contrast in clean coal and clean gas costs led to mixed movement on the far curve and baseload prices for calendar-14 went down slightly.