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 are expected to stay at low levels for the next few days as a decrease in solar power will be offset by stronger wind generation. Improved supply levels in France will also help the spot prices maintain a bearish trend.
Spot prices are on a downward trend, following the expected rise in renewable power next week. Solar generation has peaked at 21 GWh, combined with improved lignite production has contributed to a bearish market.
Close to 3GW of power generation is offline due to unplanned outages, which is likely to sustain spot prices over the weekend. Kollsnes gas processing plant was also out yesterday due to a power cut, tightening flows into the UK and pushing the NBP spot prices up.
Energy Market Analysis - 03-07-2013Spot prices went up slightly yesterday as a result of lower supply levels and steady consumption. Solar generation in Germany has dropped by 5GW in the last couple of days but this has been countered by an increase in wind generation of around 2GW.
OFGEM have revealed that the feed-in tariff subsidy scheme has resulted in nearly 380,000 green energy installations at UK homes and businesses in the last three years.