First Government to break

06 July 2005

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

As power prices continued to reach new highs with Winter 05 baseload hitting £62.10, and the peaks at £72.00, and the trend continuing across the whole of Europe, the German government were the first to come out and say that prices were unsustainable. Although, prices are reaching new highs due to oil and gas pressures and carbon increasing as well, the market is dominated by fear, a fear of being short. The UK government has been lucky in that with G8, the London Olympics and the EUropean presidency there have been world events to detract from the now local problem of fuel prices more than doubling since the beginning of the year. This will help the chancellors bank account and businesses and small communities are unlikely to stand for it.


UK Government  Bull Market  Baseload  Peak  Oil  Industry 

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