Q1 05 falls by £1 00

17 November 2004


Q1 05 dropped by £1.00 yesterday with the spread between December and January unjustifiable. For over year traders have been anticipating the effects of emissions on the UK power price and traders had banked on between £3-6/MWh. With the recent fall in December baseload the spread between Decemeber and January widened to as much as £9/MWh, and this was untenable


Bear Market  Baseload  Spread  Winter 

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