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 power prices continue to climb higher due to weak renewable production, solar generation is expected to fall significantly over the weekend and German wind production will also see a significant decrease.
Spot prices increased yesterday on the back of reduced wind production while thermal availability also dropped. Nuclear availability improved somewhat but remains at a record low level for this time of year and in addition 2GW of coal capacities went offline.