Market spikes on imbalances

07 December 2006

Market blips up on fundamental supply worries.

The market in both the gas and power market blipped up, with the bears having a firm grip on the market the bulls suddenly saw potential and grabbed the market pushing everything up by a penny in the gas and £1 in the power.

The cause of this blip was a lack of gas coming in for a short period and imbalance charges which hit £350/MWh for a half hour period over the peak.

It emphasises that the market can move in mysterious ways and if the price is right then it is often right to take the price you are happy with.


Gas  Bull Market 

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