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.
Energy Suppliers are working quickly to establish electric vehicle infrastructure in order to get a foothold in the market.
Bearish movement could be observed across the gas curve on Wednesday, with comfortable supply levels and a milder weather outlook weighing on prices at the front of the curve. Meanwhile, the Pound strengthened against the Euro, helping towards downward movement at the back of the curve.
Temperatures were revised higher for the rest of January which resulted in losses at the front of the gas curve yesterday. Supply levels were comfortable and the system remained long despite above average demand levels, with strong wind reducing CCGT demand. Further out, contracts tracked the downward movement displayed on the oil market.
Energy intensive industries are to be exempt from the Renewables Obligation Charge from 1 April 2018.
A milder weather outlook for the remainder of January helped to apply bearish pressure across the near gas curve yesterday. Wind levels were also set to remain high today, weighing on the prompt as gas-fired generation was forecast to fall. Movement further along the curve was generally stable as coal and oil markets were almost unchanged.