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.
Gas prices moved down yesterday with an oversupplied system helping to weigh on near-curve prices, while the back of the curve found direction from a downward correction in European energy prices; coal, carbon and power all displayed a loss.
Gas prices rallied higher on Monday with support provided at the front of the curve by the cold weather outlook, a short system and lower renewable power. Upward movement on coal and oil markets was also supportive, leading to gains further along the curve.
Gas prices ended last week at a premium with direction coming from overall bullish sentiment on European fuel markets, with further support provided by a weaker Pound. Supply levels were comfortable but a colder weather outlook for the coming weeks limited the impact.
Gas prices climbed higher yesterday with direction provided by a rebound in carbon, while coal was stable and oil turned slightly bearish. Upward movement on the prompt was restricted by a healthier renewable forecast for today which will lead to a drop in CCGT demand.