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 displayed little movement during Thursday’s session, showing only minor gains by the day’s close. European energy markets traded slightly down, with coal and carbon markets recorded additional losses, providing resistance on the far-curve.
Movement along the gas curve was mixed on Wednesday, although a drop in coal later in the session helped prices close down. Carbon also displayed a small decrease, while oil was unchanged. Meanwhile, the supply/ demand outlook was comfortable, with a steady influx of LNG deliveries expected in the coming weeks.
Streamlined Energy & Carbon Reporting (SECR) came into effect at the start of April 2019, replacing the CRC energy efficiency scheme which has been criticised for its complexity.
Near-curve gas prices decreased on Tuesday as maintenance at the Interconnector prevented exports and resulted in a glut in supply. The losses filtered through to the far-curve earlier in the session but bullish oil and carbon markets provided support later on.
Gas prices decreased on Thursday ahead of the Easter weekend, with a warm weather outlook and improved supply helping towards losses on the near-curve. Commodity markets also weakened which weighed on contracts further out.