Winter 05 goes to Pamplona

25 January 2005

Winter 05 continues its bull run, hitting a two month high of £37.10.

Winter 05 continued its bull run, rising to a two month high of £37.10. This was almost certainly due to the increase in oil and gas prices. Helped by prompt prices rising due to the current cold snap. With bullish views across the curve, the most liquid season for long term hedging moved up the most. Whilst Win 05 has been higher, it does look as though anything below £35/MWh was and is a bargain.


Gas  Oil  Generation  Bull Market  Weather  Winter 

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