Q3 arbitrage looks to be over.
As predicted the September prices started to rise by 30p to £32.45 to show a premia to August. For the last two weeks this has not been the case and Powerisk had stated that this looked odd. Although prices have remained high on thin volume, levels trickled off further out with Winter 05 hit down to £51.25 and the prompt ticked down a little on warmer weather.
01 February 2007
The summer and winters are not behaving normally, but alot of this is due to prompt prices and not having to fill up storage in Summer 2007. read more...
02 May 2006
The emissions market has not only collapsed it has also switched from being in backwardation to being in contango. read more...
13 February 2006
Long dated trading decisions lose focus as players concentrate on the prompt and settling Summer 06. read more...
04 January 2006
A year of investment and short term uncertaintity ahead of us. Customers have to be more bold at making decisions and placing bids in the market. This will give them confidence and the market liquidity and stability. This allows growth in options markets and allows the market to develop. read more...
22 September 2005
Oil is reacting to the Hurricane, by the time the effects reach a gas and power market it is just huff and puff. read more...
E.On CEO says electricity prices too cheap
Power prices likely to remain high read more...
24 December 2007
Power prices likely to remain high read more...
Contango Markets
The FT has written a good article on commodity contango. read more...
01 March 2007
The FT has written a good article on commodity contango. read more...
Summers and Winters not aligned.
The summer and winters are not behaving normally, but alot of this is due to prompt prices and not having to fill up storage in Summer 2007. read more...
01 February 2007
The summer and winters are not behaving normally, but alot of this is due to prompt prices and not having to fill up storage in Summer 2007. read more...
Summer Spreads
Summer 08 looks out of kilter in comparison to the rest of the curve in reality traders seem to see some value in SUmmer 08 which does not at face value appear to be anything other than greed. read more...
30 January 2007
Summer 08 looks out of kilter in comparison to the rest of the curve in reality traders seem to see some value in SUmmer 08 which does not at face value appear to be anything other than greed. read more...
Making sense of power prices.
Power prices have fallen in the past 3 months, 2009 is trading at a £5 discount to 2007, yet suppliers are increasing their tariffs and offering contracts to fix this year’s price for the next few years. Does it make sense? read more...
11 September 2006
Power prices have fallen in the past 3 months, 2009 is trading at a £5 discount to 2007, yet suppliers are increasing their tariffs and offering contracts to fix this year’s price for the next few years. Does it make sense? read more...
Bearish Gas Market
The short system seen during the week provided little support in a bearish market. read more...
04 September 2009
The short system seen during the week provided little support in a bearish market. read more...
Should I buy long term power contracts?
With a market in contango, should the customer steer clear of long term contracts? Probably not.. read more...
14 August 2009
With a market in contango, should the customer steer clear of long term contracts? Probably not.. read more...
Summers Lack Shape
Oil price volatility, credit constraints and the Lehman collapse has all badly affected liquidity further out on the gas curve. read more...
27 October 2008
Oil price volatility, credit constraints and the Lehman collapse has all badly affected liquidity further out on the gas curve. read more...
Not a Single Record in Sight
Comfortable margins on the system as well as a Bank Holiday helped to minimise the gains recorded in the UK Power market on Friday. read more...
27 May 2008
Comfortable margins on the system as well as a Bank Holiday helped to minimise the gains recorded in the UK Power market on Friday. read more...
Q4 v Q1 Future (Gas)
Spreads sometimes show how markets can change, and this gas spread is an interesting one to analyse. read more...
04 February 2008
Spreads sometimes show how markets can change, and this gas spread is an interesting one to analyse. 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...
Weather Forecasts and Iranian Threats
Forecast and outturn cold weather drove gas and coal prices this week which in turn had an impact on the power curve. Iran threatened to cut off crude supplies ahead of the EU's proposed July sanctions; a move that would impact EU nations as they seek to find alternative sources ahead of the import ban. read more...
27 January 2012
Forecast and outturn cold weather drove gas and coal prices this week which in turn had an impact on the power curve. Iran threatened to cut off crude supplies ahead of the EU's proposed July sanctions; a move that would impact EU nations as they seek to find alternative sources ahead of the import ban. read more...
Warm weather weighs heavy on prices
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. read more...
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. 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...
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...
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