Low liquidity as traders carefully look at which way the market might go next week.
The power market on Friday was stunned into inactivity, with traders reeling fromthe huge drops seen in the makret on Thursday. Winter 05 the main trading contract opened wide with a two pound bid offer and was promptly hit at £53.00 trading down immediately, but low liquidity and wide bid offers forced the sellers and the buyers to tread carefully. Traders will be re-evaluating positions and wondering whether there will be another onslaught next week to push the market down again. It will become interesting if views differ in the market and finally the one sided sheep mentality is lost to some serious fundamental analysis.
The gas market has lead the charge with sustained drops, due to more gas being in storage and players aware that the market in general is still long. With outages in some interconnectors the opportunity to export is gone and the pressure on gas prompt and the rest of the market is strong. Furthermore, European commodity markets also fell, and in order for the markets to be in balance, there was only one way for it to go.
16 October 2007
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
14 November 2005
The market is becoming more volatile less liquid and players are spooked, it is not broken, it is just more scary to operate it. read more...
19 May 2005
Muck spreaders inflate the Winter 05 market. read more...
29 March 2005
Winter 05 power to remain at current levels with gas to fall. read more...
Shale Gas - Latest UK estimates suggest enough for next 11 years
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
22 September 2011
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
Energy Forward Prices continue to gain ground
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
10 June 2011
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
Downward Trend Still in Play
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
13 May 2011
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
Winter 11 - A Slippery Slope
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
06 May 2011
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
The Market in April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
28 April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
Monthly Review - Jan 2012
Weather, oil sanctions and European debt concerns were the pushers and pullers this month as energy markets responded to competing indicators. Volatility was the only constant. read more...
01 February 2012
Weather, oil sanctions and European debt concerns were the pushers and pullers this month as energy markets responded to competing indicators. Volatility was the only constant. read more...
October -What to Expect
October is a month to identify some good value purchasing opportunities. History suggests we will see prices slip through the month before the real winter drivers kick in. read more...
03 October 2011
October is a month to identify some good value purchasing opportunities. History suggests we will see prices slip through the month before the real winter drivers kick in. read more...
Energy Forward Prices continue to gain ground
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
10 June 2011
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
Confidence Returns to Market
Despite a continuation of cold conditions, confidence was seen returning to the market with a stabilisation of spot prices and comfortable system margins. There was some focus on the curve with seasonal contracts all reporting some gain on the previous weeks levels apart form Summer 13. read more...
20 December 2010
Despite a continuation of cold conditions, confidence was seen returning to the market with a stabilisation of spot prices and comfortable system margins. There was some focus on the curve with seasonal contracts all reporting some gain on the previous weeks levels apart form Summer 13. read more...
UK Gas price highest in World.
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
11 September 2009
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
Imera secures new inter connector
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
07 December 2008
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
Feeling the Squeeze
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...
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...
Currency fluctuations causing pain on UK gas imports
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...
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...
Short-term worries, sorted.
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
16 October 2007
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
NGC raise supply forecast for Winter 07
NGC wakes up to the possibility that Langeled might flow. read more...
26 September 2007
NGC wakes up to the possibility that Langeled might flow. read more...
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