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.
Yesterday's comfortable UK gas system helped to push Day-Ahead prices a little lower. Despite this, ICE March 2013 prices closed higher at 66.470ppt; which could have been down to the UK Met Office comments regarding colder-than-average temperatures for the first fourteen days of March.
Strong gas demand on Friday along with lower pipeline flows meant the UK system remained tight. As a result of this, high storage withdrawals were required to keep things balanced. NBP spot and near curve prices were pushed higher before a late reversal after a sell-off.