
20 June 2005
Curves up everywhere, all fuelled by fuel.
Powerisk has spoken regularly about the back end of the curve, and how it continues to rally upwards. If purchasers are adopting a head in the sand approach, then these market moves, will be hurting. Perhaps interestingly, prompt prices took a turn upwards on Fridays trading day, with day ahead at £34/MWh there is no doubt that this is fuel led, but at what point do these prices feed into the whole economy. For power producers these prices have been successful, because their margins have increased with fuel price increases. In reality though those intensive industries which use a lot of power have been slow to adjust their prices, and the inflationary jumps one might expect to see in government statistics are not forthcoming. The lobbying of power prices being too high, has been dampened by having a proper market. The lobbyists must look at the dynamics of the market and show that many players are not themselves helping by opting out of the market and going through intermediaries.
What's in the Mix?
 
24 September 2010
While gains may have been seen in both the power and gas markets this week – the gains were not equal causing a big shift in the generation mix  
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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.  
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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.  
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Warm weather weighs heavy on prices
 
06 January 2012
Unseasonably warm weather and European debt crisis fears continued to influence the markets at the start of 2012. While oil did open the year up on the back of strong economic data from both the US and China, it retraced its steps on surprise US stockpile data combined with the Euro debt fears.  
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November 2011 Review
 
02 December 2011
While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive.  
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Plunging Prices Impact UK Energy market
 
17 June 2011
Oil markets were described as 'plunging' as fears escalated over the Greek debt crisis. With the dollar/euro exchange rates under pressure oil lost value pulling down NBP gas and UK power prices too.  
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Downward Trend Still in Play
 
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.  
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A Market Correction?
 
08 April 2011
Losses were seen in the UK energy markets this week despite oil gains. This was the first sign that gas was decoupling from oil with suggestions in market implying that the recent gains had been ‘over done.  
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2nd Quarter Growth at 1.1%; What Role For Energy
 
23 July 2010
Preliminary figures from the Office for National Statistics (ONS) suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarter's 0.3%. While the figures are preliminary (and based on around 40% of the ultimate data), what they do show is that construction, a relatively small part of the economy, contributed significantly to this growth figure. With 6 out of 10 civil engineering firms looking to the energy and water sectors for their income streams, it seems energy has a role to play in underpinning the recovery.  
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Green Investment Bank still a Concept
 
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept.  
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Suddenly it's "British Petroleum"
 
02 June 2010
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself?  
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A Week for Releasing Figures
 
20 April 2010
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot.  
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