Powerisk Glossary

Bull Market

Also see bear market. Bull markets came about as a direct contrast to bear markets. During the 19th century bulls and bears were pitted against each other in fights. As the development of a bear market became common parlance in the US stock market it became apparent that the opposite of bear was bull. Some say that a bull attacks by throwing its prey up over its head, whereas a bear attacks with a downward pawing motion. In reality this is how some people tend to remember that a bear market is a falling market and a bull market is a rising market.


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Power Prices Ride the Crest of the Fuel Wave  

26 April 2010


A bullish fuel market fed through into the UK Power Market today with gains of over £2/MWh seen on most of the seasonal curve contracts.  read more...

What type of recession will it be.  

13 May 2009


Economists are trying hard to work out if this recession will be a V, W or square root type of recession.  read more...

Oil eases off  

15 April 2009


Oil bulls retreated as the markets digested the US oil stock levels.  read more...

Market ticks up  

04 March 2009


The power market ticked up marginally today on the back of retail clients starting to hedge exposures out of April 09.  read more...

Oil increases turn gas more bullish  

25 February 2009


The oil market rose marginally to an change in US stock levels.  read more...

Too Many Buyers….  

08 October 2008


Too many buyers and not enough sellers were the reasons attributed to significant gains seen in the power markets.  read more...

Gas Over-Supply should see Forward Curve adjustment  

03 October 2008


The Energy Contract Company consultancy has just issued its latest review on the UK Gas Market in which it highlights that Forward Curve prices are probably not justified.  read more...

Supply Fundamentals Drive Price  

26 September 2008


Following National Grid’s downward revision of the power surplus data, October Baseload moved over £11/MWh intraday to a high of £119/MWh closing the day at £116/MWh.  read more...

System Tightness pushes up Prompt  

04 September 2008


Early system tightness helped by ‘tripping units’ saw Day Ahead prices jumping.  read more...

Currency moves beginning to effect market.  

14 August 2008


Currency moves has meant that buying $ priced oil and coal will be costing the UK more than in previous months.  read more...

Unplanned Outages Cause Powercuts  

28 May 2008


Power cuts seen across the UK following an unplanned outage at BE’s Sizewell B nuclear plant in Suffolk  read more...

Yet Another Record for Oil  

22 May 2008


A new record was again set for oil on Thursday when prices reached above $135 a barrel. Is increased output likely to ease pressure?  read more...

Bullish Gas Market Rides the Oil Wave  

20 May 2008


Record highs seen in the oil markets last week fuelled the UK Gas markets with record prices traded during Monday.  read more...

Price Falls Short-lived  

16 May 2008


Prompt power market rebounds following on from yesterday’s sell-off.  read more...

Demand Drives Prices  

14 May 2008


Mild weather, ample supply margins and lower prices in France….all help to firm UK Prompt Prices??  read more...

More Price Records  

09 May 2008


More record highs in the Power Market on the back of rising oil.  read more...

UK Power Market Plays Catch-Up  

06 May 2008


The UK Power Market had to play catch up after the bank holiday as the differential between UK and French Power prices widened.  read more...

Oil prices reach new record  

25 April 2008


Oil rises again driving fear into the markets  read more...

Price rises continue to frighten the markets  

24 April 2008


Market price rises causing players to look at the long term.  read more...

Currency fluctuations causing pain on UK gas imports  

23 April 2008


Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency.  read more...

Oil price reaches record high  

04 March 2008


Oil price continue to climb spooking most markets.  read more...

Gas storage worries  

03 March 2008


Storage stocks low but they could be zero.  read more...

April 08 - trading at premium  

25 February 2008


Prices in April 08 are trading higher as supply squeeze more likely.  read more...

Ofgem investigates  

21 February 2008


Finally an competition enquiry into the energy market has begun.  read more...

BE results  

13 February 2008


BE increase production but lose money.  read more...

Oil prices continue to spook markets  

11 February 2008


Oil prices influencing gas and power along the curve.  read more...

EU plan for renewables for 2020.  

24 January 2008


The EU emissions plans look impressive but by 2020 will they have been achieved?  read more...

Ernst and Young Reports states gas reliance by 2025  

22 January 2008


Ernst Young think that gas is where the growth is. Powerisk disagrees and thinks that the future is in coal this where the growth in the technology is.  read more...

Will the market start from a hedged position?  

15 January 2008


The budget versus trading debate often comes up at this time of year, when players see high prices and start to look at the new tarding year ahead.  read more...

Coal looks interesting  

11 January 2008


Coal although massively in demand has risen so much in price that players have switched to gas, this in turn has risen and perhaps as all commodities prices start to fall on economics some will start to look at coal more seriously again.  read more...

Curve anomalies cause high Summer 08  

09 January 2008


Sometimes the sum of the parts does not always equal the whole. Players must look at arbitrage between months and seasons.  read more...

Bulls scare away any bearish thoughts  

08 January 2008


Markets rise on the back of predicted weather conditions which are forecast to be colder at the end of the month.  read more...

Ofgem liaise with Darling  

07 January 2008


Darling thinks that Ofgem may hold the answers but Ofgem rightly do not interfere with markets something which Darling should be aware of.  read more...

Market prices continue to rise  

28 December 2007


Market continues to rise.  read more...

The curve remains high  

05 December 2007


The market looks better in the prompt but the curve still remains quite well bid.  read more...

Storm surges in the North Sea affect prompt prices  

09 November 2007


Gas fields turn down as staff move back to shore.  read more...

Oil marches on with dollar threatening  

08 November 2007


Oil and currency fluctuations continue to cause concern in the markets  read more...

Players look at technicals  

07 November 2007


Technicals more and more popular with players. Look at your Powerisk grapsh to see more.  read more...

Oil marches on  

02 November 2007


Oil continues to rise but is as bad as some think.  read more...

Halloween pushes prices back up.  

31 October 2007


Oil the main dark destroyer on halloween.  read more...

Prices slide on oil  

30 October 2007


Fundamentals change and cause a slide.  read more...

Oil prices hit $92  

26 October 2007


Oil prices causing fear in all markets as money ploughs into oil and away from currencies and countries. The potential for an oil led recession is getting higher.  read more...

Markets remain high  

25 October 2007


The bulls look to dominate but there are a few bears out there.  read more...

Sellers do have opportunities  

23 October 2007


The opportunities are out there but it is a matter of picking when will be a good time to go for them.  read more...

Oil continues to rise  

18 October 2007


Oil continues to feed the bulls  read more...

Batten down the hatches  

17 October 2007


Oil continues to rise and it is causing some to worry that $100 is not unreasonable.  read more...

Oil reaches record high  

15 October 2007


Oil prices continue to march upwards eventually they will fall but if it is a cold winter in the US it will effect the UK market.  read more...

Not just gas but coal as well  

20 September 2007


Market rises on fundamentals  read more...

Gas prices force power players to turn into bulls  

18 September 2007


Market rises surprisingly on the back of gas.  read more...

Carbon soft but bulls waiting in the wings  

18 July 2007


Carbon still bobbling around to make it interesting to the power traders.  read more...

Day Ahead pricey  

22 June 2007


Selling long and buying short seems to be a smart trade but the risk reward ratios at the moment do not justify the trades.  read more...

Emissions prices guilty of rises!  

11 June 2007


Emissions pushing the market one way and then the next, but still highly influential on all markets.  read more...

Market tendencies  

03 May 2007


The barren lands of the UK power market are seeing trading houses concentrate on greener pastures in Germany and France.  read more...

Q3 continues to rise  

02 May 2007


Q3 continues to rise on some gas concerns and arbitrage opportunities with Europe. It is likely that there will be a bit of a squeeze on prices in Q3 and hence the premia but the market looks a little over hyped.  read more...

Q3 rises as back end remains solid  

01 May 2007


Q3 is a cause for trading interest as it looks like the producers are buying and the banks are selling. Always dangerous as it is a test of pocket size!  read more...

The market rises on hot air!  

30 April 2007


The market rose marginally this morning as players looked to square out positions from the weekend. As players concentrated on June which is trading at a £5 premium to the week ahead.  read more...

Market rises  

26 February 2007


The market has finally picked up which was always expected but will it be sustained through March.  read more...

Market Bulls reappear  

17 January 2007


The market wakes up with avengence both in terms of bullish activity but also on volume. It appears that traders are most willing to trade with a good combination of natural buyers and sellers.  read more...

Bulls reappear  

18 December 2006


The market has ticked up marginally on Friday and today with some early seling in the month of January but Winter and Summer or the non-movers.  read more...

Market spikes on imbalances  

07 December 2006


Market blips up on fundamental supply worries.  read more...

Bulls start to get grip of market.  

21 November 2006


The prompt is picking up and driving some of the front curve higher.  read more...

Some bullish stories returning to the market  

05 October 2006


Some bullish stories will appear from time to time, some hedging of positions should be advised but don't feel the need to hedge it all.  read more...

Polish Emissions certificates  

04 September 2006


Polish authorities hint at withdrawing the polish length by reducing the amount installations can sell. This is posturing that is unlikely to stand but in the mean time it could cause the market to rise.    read more...

Continental prompt spikes but has little effect on the UK  

26 July 2006


Market falls in Winter again, but the prompt is high on cooling worries particularly on the continent.  read more...

Rough influences Winter 06  

05 July 2006


Market edgy on the back of new Rough information and a feeling that the prompt is under pressure with warm weather and plant outages. As July today has been 10 degrees hotter than average, players know that this could drive prompt very high with air conditioning demand.  read more...

Rough back in the mix.  

25 May 2006


The market is back to looking at fundmentals, with the emissions price under pressure from dark spread traders, gas looking overbought, and high both in terms of spark numbers but also in terms fundmentals, with plenty of gas around to service any injections, when they finally occur.  read more...

The theory of markets  

24 May 2006


We could be in for a sustained bull run for no other reason than the bears have decided to hibernate for a while.  read more...

Fundamentals Broken  

23 May 2006


German market influencing everything, and they are taking some big gambles which are fundamentally wrong.  read more...

Emissions market breaks all the rules.  

16 May 2006


Emissions markets defy logic, as more bearish news comes to the fore the buyers continue to force the price up to an intraday high of €21.  read more...

Mr and Mrs Transatlantic Crossing and their dog Rough.  

25 April 2006


Rough annoucement drives prices in the back end of the curve North. Causing some players to rush to get their bullish tendencies out of the cupboard.  read more...

Oil worries continue to spook.  

24 April 2006


Oil prices are supposedly spooking markets, power and gas have remained oblivious to it. But if Rough storage is slow to comeback on cue with American oil demand increasing then expect big price rises in Q3 06.  read more...

Bulls respond to cold snap with a vengeance.  

13 April 2006


The market has repsonded to a lack of supply and a cold snap driven demand increase with a significant price rise across the curve. It is hoped that when the snow melts so will the price but it traditionally takes longer for the back end to fall.  read more...

Can history predict the future?  

30 March 2006


History is used by many traders as a predicter of the future but most will temper this with the fundamentals which are very different, from last year.  read more...

Traders focus on Winter 06.  

20 March 2006


Bulls are returning to the market and Winter 06 is getting attention but a fundamental shift has already been seen in the market to reflect emissions prices, and so the near doubling of Winter contracts seen last year is unlikely for this year.  read more...

Market up on gas and cold weather  

17 March 2006


The market has risen on cold weather and with every market in the world the bulls are back across all the markets with the exception of emissions, a sign of maturity.  read more...

Gas market fundamentals and Fear  

15 March 2006


Fear can drive a market as suddenly everyone wants to be long (or short) this invariably creates an over buying or over selling atmosphere. When the day ahead hits £200 you have to ask if the fear is driving the market.  read more...

Carbon driven upwards  

06 March 2006


Carbon is very much back in play as a fundamental and players are looking at why the recent Phase II annoucements are feeding into the 2006 and 2007 contracts (which are not part of Phase II).  read more...

Predicted cold weather drives prices North  

18 January 2006


Fundamental drivers in the prompt are what are being used as the excuse for bullish activity. But commodities in general are keenly bid, oil prices are looking more likely to go higher and so players do not need excuses to buy further out.  read more...

Back end of the curve attracts interest  

11 January 2006


The bulls buy up back end of the curve, as sometimes it is difficult to forget the rises seen in 2005.  read more...

Falls eroded, in jobbing market. Drax floats at £5.  

16 December 2005


Quiet market as the traders drink to healthy profits before Christmas.  read more...

Prospect of cold run up to Christmas keeps prices high.  

14 December 2005


Gas, emissions demand and power all up on fundamentals driven by the cold snap.  read more...

Mild weather predicted but no real drop in price  

01 December 2005


Market continues to remain strong with Q1 failing to get below £72/MWh where there is some resistance.  read more...

Prices rise on more buyers coming out of the woodwork.  

30 November 2005


Still too many uncertaintities that buyers accept that a small dip in price is worth buying up. The sellers are sitting on the hands whilst the buyers try and look relaxed when buying, but everyone knows that they are not.  read more...

Gas market threatens to push to £2 a therm  

23 November 2005


Gas is responsible for huge increase in prices across all commodities, players filled with fears associated with further rises, are now beginning to just hope that prices fall.  read more...

Bears hibernate in the winter!  

22 November 2005


Market on bull run, which does not look like stopping, players on day ahead prices, are being forced to turn off. Ineos Chlor and Tioxide cannot produce with these energy costs as high as they are.  read more...

Bulls are back with fundamental shift  

08 November 2005


Gas drives fear and jitteryness back into the market as Q1 rises £2.50 and the prompt and January rise by over £3 in a day.  read more...

Summer 06 becomes the focus  

19 September 2005


Summer 06 could be reaching its peak if it follows Summer 05.  read more...

The Market responds to fundamentals  

06 September 2005


Fundamentals push curve down with only Carbon bucking the trend.  read more...

Normal for the power market  

08 August 2005


Normal day equals quite significant moves up in a low liquidity power market.  read more...

Market continues Northerly march.  

29 July 2005


Power markets in an interesting phase, with prompt down and long dated power becoming cheaper. 2006 could be the high year.  read more...

It was a bounce!  

28 July 2005


Bullish sentiment returns, with fundamentals up across the scope.  read more...

BP-Chief argues that EU ETS may be revenue enhancing  

12 July 2005


BP to some extent bites the hand thats feeds them. But are there altruistic decisions being made instead?  read more...

Market Moves Up-  

11 July 2005


£20 rise in two months, VaR limits broken everywhere even the producers are buying.  read more...

First Government to break  

06 July 2005


German government complains about high energy prices. Will the UK follow suit?  read more...

Carbon Crash  

01 July 2005


Carbon prices are stratospheric, but the market needs them to be jurrassic.  read more...

European Power curves fall but the Brits seem to do things differently  

03 June 2005


Europeans still fundamentally different to the Brits.  read more...

Curves react across Europe  

20 May 2005


How do you control the uncontrollable?  read more...

Gas down but Power keeps on going  

18 May 2005


The picnic is still going on and the bears remain in the woods.  read more...

Spark Spreads push Power curve to new highs  

16 May 2005


One spark and the whole lot goes up........  read more...

Correlation breakdown or correction  

10 May 2005


Spark spread rises in line with market norm.  read more...


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