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 eased down yesterday as commodity markets weakened; oil prices decreased due to a rise in US crude stocks, while coal was pressured down by Chinese demand fears. However, low LNG send-outs and planned outages in Norway limited some of the losses on the near-curve.
The new roadmap allows flexible participants to sell into the BM by altering the generation and consumption levels of their assets. Bids are placed in flexibility to half hour settlement periods, the Grid then purchases what it needs to balance the system.
Gas contracts increased yesterday with support provided by a bullish overall energy complex. A drop in Norwegian and Russian supply into Europe also provided support to the front of the curve. However, gains were limited in the afternoon due to a slight drop in oil.
Gas prices increased on Monday, reaching new highs on the back of a bullish coal market and reduced supply levels. Planned maintenance has led to supply constraints in Europe and a number of LNG deliveries are expected to make up the shortfall. Stronger oil prices also remained a supportive factor at the back of the curve.
Gas prices inched higher on Friday with support provided by stronger coal and oil markets, as overall fundamentals were little changed. Supply levels were comfortable which capped gains at the front of the curve, although maintenance is scheduled in Norway this week which will provide bullish sentiment.