Italian NAP forces market moves as rumour is quashed by counter rumour.
Winter 05 intraday volatility was high as the carbon emissions price moved in a swing of €2.00 due to rumopurs of a chnage in the Italian NAP (National Allocation Plan). As emissions prices dropped to below €17.00 the power price followed with Winter 05 baseload dropping to £47.56/MWh. But the rumours were unfounded and the power price soared back up to £48.32/MWh as emissions prices closed at €18.65/tonne. Perhaps power players must get used to the overtly popular correlations traders are using for keeping prices high.
24 January 2008
The EU emissions plans look impressive but by 2020 will they have been achieved? read more...
19 September 2007
Ofgem look to manage carbon regulation read more...
16 May 2007
Emissions markets prove to be a lottery again with the utilities gaming like billio. read more...
03 August 2006
Emissions length due to hit the market in 2007 as many players hold back length. Perhaps the biggest reason for this is that the NAP process will be over by then. But this is not a certainty. read more...
CRC- What Price?
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
03 February 2012
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
Carbon Floor Price Announcement: The Market Reacts
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
25 March 2011
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
Japan, Germany & MENA -Global Energy
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. read more...
18 March 2011
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. read more...
Capacity Payments Discussed as a Tool to encourage Investment
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
Coal, Gas & Carbon all help to hold WInter Down
Contracts across the power curve opened strongly helped by the high prices reported in the oil markets. read more...
28 April 2008
Contracts across the power curve opened strongly helped by the high prices reported in the oil markets. read more...
Oil Disruption Fears create Volatile Markets
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
20 January 2012
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
European Credit Downgrades add to European Woes
Standard & Poors, the credit rating agency has downgraded 9 eurozone countries: France, Italy,Spain,Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta. This comes at the end of a week that has seen strengthening oil prices but surpressed UK gas and power markets. read more...
13 January 2012
Standard & Poors, the credit rating agency has downgraded 9 eurozone countries: France, Italy,Spain,Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta. This comes at the end of a week that has seen strengthening oil prices but surpressed UK gas and power markets. read more...
November 2011 Review
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. read more...
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. read more...
Turmoil returns on Greek Announcement
Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout - one that would see banks take a 50% hit on their holdings of Greek debt, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. The Markets tumble in response. read more...
01 November 2011
Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout - one that would see banks take a 50% hit on their holdings of Greek debt, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. The Markets tumble in response. read more...
Eurozone Debt Deal Announced
After prolonged discussions and late night talks, European leaders have announced a agreement on a a Eurozone debt deal. But will the devil be in the detail? read more...
27 October 2011
After prolonged discussions and late night talks, European leaders have announced a agreement on a a Eurozone debt deal. But will the devil be in the detail? read more...
Two Years On...
This week marked the 2nd Anniversary of the collapse of Lehman Brothers, perhaps the most significant collapse of the banking crisis. Ironic perhaps then that the anniversary coincided with the publication of stricter international banking rules requiring banks to hold larger cash reserves. How will these banking regulations impact energy companies? read more...
17 September 2010
This week marked the 2nd Anniversary of the collapse of Lehman Brothers, perhaps the most significant collapse of the banking crisis. Ironic perhaps then that the anniversary coincided with the publication of stricter international banking rules requiring banks to hold larger cash reserves. How will these banking regulations impact energy companies? read more...
Falling Wholesale Prices but what about the tariffs?
Even though the power wholesale market is following the falls seen in gas (Winter 09 Baseload closed the week down £0.20MWh at £38.70), and is now at levels where supplier tariffs must be under pressure, any tariff reduction announcements are unlikely to be made anytime soon. read more...
18 September 2009
Even though the power wholesale market is following the falls seen in gas (Winter 09 Baseload closed the week down £0.20MWh at £38.70), and is now at levels where supplier tariffs must be under pressure, any tariff reduction announcements are unlikely to be made anytime soon. read more...
Who will have the last laugh on the Green Agenda?
The Government’s announcement last week on the projected state of the UK energy industry is interesting and informative and demonstrates their willingness to impose a green agenda - but at what cost? read more...
24 July 2009
The Government’s announcement last week on the projected state of the UK energy industry is interesting and informative and demonstrates their willingness to impose a green agenda - but at what cost? read more...
Ofgem enquiry completed
Ofgem have completed their competition probe and not really delivered for business. read more...
18 March 2009
Ofgem have completed their competition probe and not really delivered for business. 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...
Speculator Irony
With all that has happened in the financial markets this past few days, and with Lehman Brothers collapsing on the 14th September, the one thing that has remained constant is the Speculator Trader rubbished as a cause of volatility and prices rises in one market or another. read more...
19 September 2008
With all that has happened in the financial markets this past few days, and with Lehman Brothers collapsing on the 14th September, the one thing that has remained constant is the Speculator Trader rubbished as a cause of volatility and prices rises in one market or another. read more...
Net UK Carbon position down 0.01%
Targets look quite difficult to achieve just by cutting the norm! read more...
31 January 2008
Targets look quite difficult to achieve just by cutting the norm! read more...
Large Plant Combustion Directive
We must watch carefully as to when and how old coal plant starts getting superceded. read more...
06 December 2007
We must watch carefully as to when and how old coal plant starts getting superceded. read more...
Traders through thin volume start to look at Carbon
Bali conference bound to produce some interesting snippets, but more likely to "guilt" the non-particpants into action. read more...
03 December 2007
Bali conference bound to produce some interesting snippets, but more likely to "guilt" the non-particpants into action. read more...
Gas capacity change in 2008
Will NG announce to the market what more capapcity could be availbel at the end of the year? read more...
12 February 2008
Will NG announce to the market what more capapcity could be availbel at the end of the year? 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...
Gas storage being used across Northern Europe
Storage facilities are being used and giving traders and operators more flexibility worldwide. read more...
13 December 2007
Storage facilities are being used and giving traders and operators more flexibility worldwide. read more...
Warm winter predicted
Met office think that it will be warm this winter so go long and wrap up! read more...
23 November 2007
Met office think that it will be warm this winter so go long and wrap up! read more...
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