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Out with the Old, In with the New  

31 December 2009


During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store?  read more...

Unseasonal Temperatures help to melt prices  

16 November 2009


Middle of November but no sign of wintery temperatures. The effect was to soften the prompt power market, which also felt the pressure from weak commodity curves. The downward trend fed through the power curve.  read more...

Market forgets basic principles and panics!  

02 October 2009


It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price.  read more...

What's Happening in the Back-End?  

19 June 2009


The back end of the curve is extremely difficult to trade. Those dipping their toe in tend to be Producers (with excessive length adjusting their risk positions) and Banks looking for some exposure. At the same time Retailers tend to be short-termist.  read more...

Budget day sees the UK set lead on carbon  

22 April 2009


The chancellor stated that he wanted the UK to cut emissions by 34% by 2020.  read more...

Watch out for copper  

09 April 2009


Copper is seen as one of the best barometers of when a recession is coming to an end.  read more...

Recent oil price rises will not last  

25 March 2009


The recent oil price increase seen last week has already started to fall and Powerisk explains why it will continue to stall.  read more...

Dong buy Severn Power  

10 March 2009


The Danish energy utility, Dong have bought one part of Carron Energy.  read more...

Does a bankers pension affect the UK power market?  

27 February 2009


As Fred Goodwin the departed RBS chief exec weathers the media storm over his pension pot, Powerisk asks if his decisions are affecting the power market.  read more...

Green Light for additional 3.92GW of Capacity  

06 February 2009


The development of 3.92GW of power plant capacity was given the green light yesterday by the Department for Energy & Climate Change.  read more...

Sterling in for rough ride  

22 January 2009


The UK pound is under severe pressure as economic woes weigh.  read more...

Gas takes the Lion's Share  

24 December 2008


Some interesting figures and statistics emerged from the Department of Energy and Climate Change (DECC) Energy Trends report published this week - increased power demand, improved efficiencies and record fuel percentage shares.  read more...

Week 44 helps Drive November Down  

16 October 2008


The November contract came under pressure falling £9.25/MWh Baseload and £12.30MWh Peaks.  read more...

Cashing in on the Power Price Highs  

29 August 2008


A number of coal-fired power stations, that opted out of the Large Combustion Plant Directive (LCPD), appear to have exceeded operating expectations to take advantage of high summer power prices  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...

Nuclear plant behaving badly  

06 June 2008


Nuclear fleet continues to struggle as outages overrun.  read more...

The prompt is still too high  

02 June 2008


Prompt prices are forcing any sellers to go home, as levels are high and supply is intemittent.  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...

Feeling the Squeeze  

13 May 2008


Centrica will not repeat last year’s exceptional level of profitability their Chief Executive warned yesterday. But with rising energy prices it’s interesting to understand how they’re not cashing in.  read more...

Drax up against it  

05 March 2008


Drax profit margins fall as competition will only get harder.  read more...

EU unbundling bungled  

29 February 2008


EU still voting on how to unbundle the energy companies of Europe.  read more...

Teeside sold  

27 February 2008


Teeside sold to Suez and GdF.  read more...

Govenrment consults on nuclear  

24 February 2008


The government has started the consultaion process on decomissioning of nuclear plant.  read more...

Prompt and Curve diverge  

19 February 2008


Could the change in price be a trading signal.  read more...

Coal weighs heavily  

14 February 2008


Coal prices have doubled in the last six months.  read more...

BE results  

13 February 2008


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

Oil prices fall again.  

07 February 2008


Oil falls again as Iraq looks set to increase production as Opec threaten to cut theirs.  read more...

Clean power $7 trillion business  

05 February 2008


Market looking for a technological forward curve which could drive the future.  read more...

Prompt pulls 09 down.  

01 February 2008


The prompt market continues to influence the back end of the curve.  read more...

Market falls on the back of fundamentals  

25 January 2008


Market slips on fundamentals which show growing supplies as demand fall on mild weather.  read more...

Prices could retreat on fundamentals  

18 January 2008


Electricity prices could start to fall as players turn to the fundamentals in oil and gas.  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...

Nuclear go ahead of sorts  

10 January 2008


Nuclear given go-ahead but there is still a lot to do before they produce electricity most predict it will be 2020 before the first project gets on the bars.  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...

The future RWE and GE  

27 December 2007


The future is electricity storage the first to achieve it will become very rich.  read more...

E.On CEO says electricity prices too cheap  

24 December 2007


Power prices likely to remain high  read more...

Barking to expand  

19 December 2007


Barking ready to expand but at what potential future cost.  read more...

December averages  

18 December 2007


December averages make interesting reading.  read more...

5 Year extension for Nukes  

11 December 2007


Nukes life extended could it happen again.  read more...

25GW of off-shore wind farms  

10 December 2007


The DTI (as was) has highlighted a potential 25GW of off-shore wind farms, if accurate there are still significant planning obstacles.  read more...

Oil falls below $90 brl  

30 November 2007


Oil prices head south as traders take profits and re-assess the fundamentals.  read more...

Backend of curve remains strong  

29 November 2007


Market continues to fall but back end looks strong.  read more...

British Energy outlines four new sites  

28 November 2007


BE go with the tried and tested.  read more...

Warm winter predicted  

23 November 2007


Met office think that it will be warm this winter so go long and wrap up!  read more...

On site generation the future  

22 November 2007


On-site generation could be the future.  read more...

German Parliament flexes muscles  

19 November 2007


German power players at least know that they must be more subtle when it comes to price fixing.  read more...

Nuclear Woes continue  

12 November 2007


Nuclear plant continue to remain on outage and the city meanwhile sell BE shares day on day.  read more...

Second Nism  

29 October 2007


The market respond unusually to a NISM.  read more...

British Energy outage woes continue  

22 October 2007


British Energy seem to always have bad luck when it comes to maintenance.  read more...

Emissions prices fall against the run of play  

19 October 2007


Emissions fall is possibly pre-cursor for a further fall in the market  read more...

Market continues to rise  

24 September 2007


Market rises as all market start to rally on the back of an oil squeeze.  read more...

Carbon market range bottom reached  

29 August 2007


Markets respond to movement in carbon which managed to attract a bit of attention as players turned into buyers.  read more...

Plant returns without problem  

28 August 2007


Market fears allayed as almost all plant returns from outage after the bank holiday weekend.  read more...

Green technology shift  

13 August 2007


Green technology is coming in a big way.  read more...

Events dear boy events!  

26 July 2007


Perhaps there are some lesson to be learned from flooding.  read more...

Sempra and RBS unite  

09 July 2007


An interesting marriage which could work out for both in the medium term.  read more...

Large Plant Combustion Directive  

06 July 2007


Coal plant is in decline but guessing how steep this decline is, can be very difficult.  read more...

Some worries for the future  

12 June 2007


Some players are looking carefully at margins in July and August but it does not appear to be too bad at the moment.  read more...

Coal makes a reappearance  

08 June 2007


Coal is still the dominant fuel type for new build projects but as prices start to rise some projects may look less appealing.  read more...

The carbon backlash  

05 June 2007


Energy watch is taking up the consumer battle and attempting to try and lobby parliament to ensure that the power companies are not making super normal profits from carbon.  read more...

Gordon Parsons article inTelegraph  

17 May 2007


NPOwer encourages a reduction in usage but expects costs to rise. An old argument that suits the power comany.  read more...

Langeled and Drax  

29 March 2007


Large marginal plant can be an advantage but it can also effect markets quite significantly.  read more...

Why is illiquidity returning?  

07 March 2007


Illiquidity is something no trader likes, but for some it is a welcome respite which allows a more considered way of making money.  read more...

Slow morning but markets remain low  

05 March 2007


The market continues to fall but not in the same dramatic way it rose this time last week.  read more...

British Energy plays Monopoly.  

14 February 2007


British Energy have the property they just can't seem to get past GO. This is not helped by the other players who avoid jail and income tax and seem to be getting some large throws on the electricity company, producing some large rents.  read more...

Could this be the bottom?  

06 February 2007


The market is poised for a cold Wednesday and few generators starting to buy, will this entice someof the shorts to the market.  read more...

The market quiet  

02 February 2007


The market is now stating that it is close to the bottom, this generally means that there is further to go.  read more...

Scottish Power and the spaniards  

29 November 2006


Scottish Powers shareholders will be happy with the size of the bid and the fact that it is going through but it is not a good long term investment as debt levels will be high.  read more...

Summer and Winter get hit by the prompt  

28 November 2006


The market continues to set new lows and players are comfortable to trade sporadically as prices become better.  read more...

Mergers and Acquisitions  

14 November 2006


The energy markets are changing with players looking to take each other over.  read more...

Protesters at Dicot  

02 November 2006


Greenpeace protesters have broken into Didcot but has had little effect on anything.  read more...

Oil and Nuclears still dictate the market  

18 October 2006


Oil and nuclears are still the key price drivers, it almost appears that the market is waiting for a cold snap or a warm announcement to get their next key price driver.  read more...

British Energy -makes markets jittery  

17 October 2006


The markets are responding in different ways with the power market looking at the nuclears carefully and the gas markets looking at the world of over supply.  read more...

A tale of the forward dark spread.  

16 October 2006


Some long term hedging is effecting the market and the lack of buyers has caused the markets to turn South, although oil has bobbled up on Friday the long term trend still appears to be down.  read more...

E.On caught between a ROC and a hard place  

11 October 2006


E.On looking at serious alternatives to CCGT technology which is not necessarily that green.  read more...

The prompt responds to more available plant  

23 August 2006


Quiet, quite dull as the market responds to the prompt fundamentals and then stays very still whilst traders play at the margins.  read more...

Cooler climbs cause bears to come out of the woods.  

20 July 2006


Market cools as the temperature momentarily drops. The real question is whether players start to use this as an excuse to load up the back end of the curve.  read more...

Two views on August.  

18 July 2006


Two views on AUgust appear to at loggerheads and the sellers and buyers are trading aggressively. One suspects that the events of today and this week will be long forgotten by mid August.  read more...

Middle East explodes in the markets  

17 July 2006


The short term facts suggest that the market had to go higher, but this does not mean that we should see the back end of the curve rise inexorably as well. Some sellers are keeping a cap on the backend of the curve but the buyers also have to be disciplined.  read more...

Watch the prompt  

04 July 2006


Gas prices reducing as system gets longer on many gas stations taking outages. This has put pressure on the August and September to fall and if the power plant return steadily then we could see a move in Winter 06 out of £60.  read more...

Penalties, and prompt.  

03 July 2006


Prompt prices the key fundamental as to what will happen with the power market. If in the next three days there are no further outages and the weather subsides so air-condintioning is not causing problems then we should see the Winter 06 fall further.  read more...

Could Summer hot up.  

29 June 2006


A few trades are beginning show that they have some merit, Summer could be under some pressure in the next few weeks but after that we should see an oversupplied August and September.  read more...

8 GW of plant goes on outage.  

28 June 2006


A stream of plant are now on outage if the market fundamentals can cope (which everything suggests they can) then we are in for a low Summer, and this could pull Winter with it.  read more...

Which Came First - the Chicken or the Egg?  

21 June 2006


British Energy reported pre-tax profits of £599m saying it had benefited from the higher electricity prices. Of course it is news to no-one that power prices have risen, but what is interesting is that some players have claimed that emissions price rises are causing power prices to rise, and perhaps more interestingly, some claim that power price rises are causing emission prices to rise. There is however no doubt that a fall in one of the commodities does not automatically lead to a corresponding fall in the other commodity. So Powerisk asks the question which comes first.  read more...

885MW CCGT Planned  

20 June 2006


Centrica have announced the planned build of a 885MW CCGT plant in Devon citing its expectation of falling NBP gas prices versus power prices in the coming years as the contributory deciding factor.  read more...

Win Win for everyone - hopefully!!  

16 June 2006


The WORLD CUP is likely to generate over £1bn of additional revenue but how will the energy industry respond to secure its share?  read more...

Utilities report back with large profits.  

01 June 2006


Many of the large utilities have benefited from high energy prices, and if it continues the regulator may ave to bare his teeth.  read more...

Dawn Raids  

18 May 2006


Soking guns, dawn raids, and still no massive sell off in UK power or emissions, but the signs are there that a sustained commodities growth isn't always a certainty.  read more...

Drax structure the perfect deal with Centrica  

12 April 2006


Drax and Centrica do deal which on the face of it looks like a perfect hedge for Drax, but Centrica benefit from not being short power in a potentially high power market.  read more...

The cyclical process of business strategy  

16 March 2006


Asset switching takes time, and quite often the early mover, benefits most. This process is cyclical and many are questioning the appointment of a new chief exec at Centrica to assess whether this is to try and speed up the asset switching cycle.   read more...

Isn't it Ironic  

14 March 2006


Dark and spark spreads have polarised the market, but when its cold and the flexibility to adjust in the gas market goes, so does the price.  read more...

Does shape matter?  

27 February 2006


Under the NETA rules the market would always favour those who are flexible and able to adapt. As stability in market prices is becoming more normal, this allows players to assess the market even start to think about creating flexibility within their own shape.  read more...

Nellie the elephant packed her trunk and said goodbye to the circus!  

22 February 2006


The power game has just moved into a new phase, with E.ON potentially creating an even bigger leviathan, expect RWE, Gazprom, and EdF to follow.  read more...

Nellie Kroes goes for jugular as the North Sea gets Rough  

17 February 2006


Commissioner shows teeth and the big players will be aware that they are in for a rough ride in the next couple of months. Overall this will put bearish pressure on prices.  read more...

Standby for reality.  

23 January 2006


TV's require 7.3TWh of power when on standby overnight, this is the equivalent of the demand for Brighton. It would be good to reduce this figure but just how practical is it in reality.  read more...

Market economics working in production  

16 January 2006


Oil under pressure from Iran, as coal fired plant is on the up as the spark spread tightens relative to the dark spread.  read more...

Will coal really close by 2015.  

09 January 2006


Coal and emissions still cheaper than gas, and so energy reviews and white papers cannot take away the economic facts that the dash for gas was right for the 1990's, and less apt for now.  read more...

Centrica sell telephone business.  

19 December 2005


Centrica grabs cash in hopes of rebalancing customer and asset portfolios.  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...

Spark spread mathematics does not add up.  

17 November 2005


One example of why buying physical power to cover a demand short is so difficult when you cannot sell or buy and sell gas.  read more...


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EdF enters the world of competition..  

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Demand Led Economic Recovery?  

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Market forgets basic principles and panics!  

02 October 2009


It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price.  read more...

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