Utilities report back with large profits

01 June 2006



Many of the large utilities have benefited from high energy prices, and if it continues the regulator may ave to bare his teeth.

Scottish and Southern, International Power and United Utilities have all posted increased profits this is interesting when one considers the price increases seen in the UK and the fact that many of the supply side of the business was supposedly losing money from rising prices. There is no doubt that the generators have had some phenomenal years and this is unlikely to stop with emissions pushing prices higher.

Those with overall low emitting portfolios will benefit, and this is proving itself already with this spate of results. In fact both RWE SSE and IPR are very keen to build clean coal technology plant, and this is something that they have been looking at on existing sites, which takes some of the planning issues out of equation.

If emissions prices continue to rise, and if power prices stay where they are at the moment the role of the regulator will have to get stronger.

read more ...

Rough Outage  

02 June 2006


Rough Outage Update  read more...

A theory of some import  

03 June 2006


The LCPD is going to become more of a hot subject and it could end up doing what the emissions market had always hoped it would do........ cut emissions.  read more...

A gentlemans agreement.  

05 June 2006


RWE and E.On rumoured to be being hauled over the coals for collusion but there is much more to come.  read more...

Climate Change the topic of the week.  

06 June 2006


There is something in the air apart from the growth in CO2.  read more...

The bears are back  

07 June 2006


The market has slipped on fundamentals which suggest that the slide could be here for some time, but there are still events in the pipeline which could force some things North.  read more...

Long dated Summer trade again  

08 June 2006


Summers show a bit of backwardation and contango but some of the long dated power looks cheap and prices in a load of unknowns which could go either way.  read more...

Warming Up to Nuclear  

12 June 2006


The Government PR machine starts warming us up to the idea of new nuclear.  read more...

Too Hot for Winter  

13 June 2006


Whilst the outside temperature confirms it must be summer, inside the traded markets are looking forwards to Winter.  read more...

The Rising Costs of Energy  

14 June 2006


Higher energy prices have helped push up inflation which in turn is likely to push up interest rates.  Those exposed to rising fuel costs are now likely to start feeling an indirect impact on their borrowing costs.  read more...

How Energy Efficient Are You?  

15 June 2006


When the Government reports on its Energy Review later this summer, we're all expecting to read about nuclear.  However, as well as considering the production of energy, we're expecting the Review to also focus on consumption.  read more...

Win Win for everyone - hopefully!!  

16 June 2006


The WORLD CUP is likely to generate over £1bn of additional revenue but how will the energy industry respond to secure its share?  read more...

Nuclear Debate  

19 June 2006


Some would question whether there is actually a nuclear debate with the poistives for nuclear constantly being brought to the fore.  However, the UK energy crisis is vastly complex and not just an issue of forecasting supply and demand. Environmental and geographical issues also need to be considered.  read more...

885MW CCGT Planned  

20 June 2006


Centrica have announced the planned build of a 885MW CCGT plant in Devon citing its expectation of falling NBP gas prices versus power prices in the coming years as the contributory deciding factor.  read more...

Which Came First - the Chicken or the Egg?  

21 June 2006


British Energy reported pre-tax profits of £599m saying it had benefited from the higher electricity prices. Of course it is news to no-one that power prices have risen, but what is interesting is that some players have claimed that emissions price rises are causing power prices to rise, and perhaps more interestingly, some claim that power price rises are causing emission prices to rise. There is however no doubt that a fall in one of the commodities does not automatically lead to a corresponding fall in the other commodity. So Powerisk asks the question which comes first.  read more...

EU ETS - Phase II Changes Recommended  

22 June 2006


A new study by the Carbon Trust urges changes to improve Phase II of the EU Emissions Trading Scheme. The study identifies 7 key challenges that if left, will result in incentives that do not support low-carbon investment, and suggests that changes are essential to maintain competitiveness and investment in Europe.  read more...

TECHNICALS vs FUNDAMENTALS  

23 June 2006


The emissions market has recently been extolling the virtues of technical trading. But this is a market that is still fairly new, whereas technical analysis is associated with well established markets. So why do traders insist that technicals can work for them in this market?  read more...

Bears test market  

27 June 2006


Technicals look to be holding the Winter 06 baseload contract above £60 but players must be aware that technicals are working because the world cup has quitened down some the incumbent players and as long as the market jobs around no one will worry.  read more...

8 GW of plant goes on outage.  

28 June 2006


A stream of plant are now on outage if the market fundamentals can cope (which everything suggests they can) then we are in for a low Summer, and this could pull Winter with it.  read more...

Could Summer hot up.  

29 June 2006


A few trades are beginning show that they have some merit, Summer could be under some pressure in the next few weeks but after that we should see an oversupplied August and September.  read more...


Energy News by Date
2012 2011 2010 2009 2008 2007 2006 2005 2004
december november october september august july jun may april march february january
RSS Feed
Keep up to date on energy trading news.
Click here to subscribe
RSS
Day Ahead Electricity Prices

1y  6m  3m  1m
Powerisk Online
Powerisk Online tools and services.
Click here to login
Glossary
Glossary
Powerisk glossary of power terminology.
Click here for glossary
Glossary