Quiet, quite dull as the market responds to the prompt fundamentals and then stays very still whilst traders play at the margins.
Yesterday both week 35 and 36 fell on the back of the more plant becoming available and in fact this fed into a £.60p drop on Sepetember power prices. Surprisingly the Winter 06 which is now only trading sproradically pushed up from £57 to £57.45.
Summer 07 which has its moments of doing nothing is still trading in the £43 range and is quoted quite wide. A few trades have been seen below £43 in the last week and a bit but they are very rare.
Spark spreads continue to narrow with no fundamental data driving anything the market is therefore living off rumour and counter rumour.
27 May 2005
Prompt no longer the driving force, as the curve diverges. read more...
16 March 2005
Power prices up after the calm before the storm. read more...
04 March 2005
Cold snap could be the last price spike of Winter 04 read more...
17 February 2005
Prompt up- better to be long and wrong, than short and caught. read more...
25 November 2004
With the Christmas period nearly upon us, activity and trading will be kept to a minimum read more...
What's in the Mix?
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 read more...
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 read more...
Out with the Old, In with the New
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
31 December 2009
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
Unseasonal Temperatures help to melt prices
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. read more...
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. read more...
Market forgets basic principles and panics!
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
02 October 2009
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
What's Happening in the Back-End?
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. read more...
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. 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...
Weather continues to dominate
Tight margin concerns resulted in Spot prices reaching highs for nearly two years. The cold weather conditions were the driving force though supply issues compounded the situation. read more...
10 December 2010
Tight margin concerns resulted in Spot prices reaching highs for nearly two years. The cold weather conditions were the driving force though supply issues compounded the situation. read more...
Cold snap results in single highest gain since Jul-09
Prompt contracts responded to the expected cold spell forecast for this week with the Day Ahead contract (Baseload contract for Monday delivery) on Friday gaining £2.65/MWh – the single highest gain seen since July on this contract. This bullish sentiment did not feed through to the rest of the curve though. read more...
08 November 2010
Prompt contracts responded to the expected cold spell forecast for this week with the Day Ahead contract (Baseload contract for Monday delivery) on Friday gaining £2.65/MWh – the single highest gain seen since July on this contract. This bullish sentiment did not feed through to the rest of the curve though. read more...
Gains Seen Across the Curve
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
21 December 2009
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
Market forgets basic principles and panics!
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
02 October 2009
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
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