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 fell yesterday as a result of healthy wind supplies and an improvement in solar generation. Spot prices are expected to remain at similar levels today but could make gains tomorrow as renewable production is forecast to go down.
Spot prices have moved down with the help of increased wind production and nuclear availability; temperatures have also been forecast to be slightly higher than last week which has also had an effect on prices.
Spot prices received support from lower wind availability and numerous outages at coal-fired power plants in Germany. Solar generation was also low but is expected to improve today and wind production should go up next week.