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.
Prompt gas prices moved down on Friday with high wind levels helping to reduce CCGT demand, while the LNG outlook was also comfortable with 3 deliveries expected to dock in the UK in the coming weeks. Further out, contracts were pressured down by another drop in coal prices, while Brent was stable.
Gas prices moved down yesterday with a slight drop in demand and the scheduled arrival of 3 LNG deliveries in the UK helping to weigh on the near-curve. Further out, contracts were pressured down by further losses on coal and oil markets.
Gas prices failed to display a clear trend yesterday with colder temperatures resulting in an increase in storage withdrawals to help meet heating demand, supporting some contracts on the near-curve. Further out, contracts weakened following downward movement on coal and oil markets.
Movement along the gas curve varied on Tuesday, with a well-supplied system and mild weather applying bearish pressure to some contracts on the near-curve. However, a drop in wind generation today was expected to lift CCGT demand, restricting some of the losses. Meanwhile, weaker coal prices contributed to small decreases at the back of the curve.