Markets listless not sure which direction to go, with the continentals showing a slight bearish move, and the UK a slight bullish move. Oil and Gas are up marginally, but power and emissions have ticked down a smidge.
German and French markets took a slight bearish tinge yesterday and perhaps the effect may rub off on the UK market. It is not helped by a slight rise in oil prices to trade above the pschological level of $70 a barrell, and also UK gas rose a smidge yesterday.
The overall impression from many players is that emissions has to fall it is just a matter of when. There are also many players who will be keen to support the market (buy) and so it is unlikely that this will be anything but a gradual slide, assuming no knew emissions data comes out.
The French ministry are now reviewing their position with regard to banking, and this itself would be a more bearish sign. Fundamentals are now showing a more bearish tinge with fewer bullish signals, and overiding feeling that market should not have risen.
10 November 2006
Oil market rises have effected power prices but some of these gains may be offset by the emissions falls next week, could see further bearish pressure. read more...
09 August 2006
The market looks reasonably priced and this is where opportunities could present themselves, but it looks like there are further falls to come. read more...
05 September 2005
Carbon driven up by oil, which in turn drives up gas and power at the backend of the curve. Prompt remaisn stable with plenty of supply. read more...
09 August 2005
Markets rise on oil fears hitting new highs, gas trcikles up and Carbon looks to respond. The bulls are back in town. read more...
13 July 2005
Bears are back, downward spiral across all fundamentals is welcome relief for the shorts in the market. 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...
Drax up against it
Drax profit margins fall as competition will only get harder. read more...
05 March 2008
Drax profit margins fall as competition will only get harder. read more...
Ofgem investigates
Finally an competition enquiry into the energy market has begun. read more...
21 February 2008
Finally an competition enquiry into the energy market has begun. read more...
EdF enters the world of competition..
EdF has capitalised on competitive energy markets across Europe, not least in the UK, while at the same time enjoying a dominant, competition free, environment at home in France. It looks as though the EC has finally caught up with them... read more...
05 November 2009
EdF has capitalised on competitive energy markets across Europe, not least in the UK, while at the same time enjoying a dominant, competition free, environment at home in France. It looks as though the EC has finally caught up with them... read more...
Calls for EU Energy Strategy
The agreement between Russia and Ukraine was short lived and has prompted talks about the need to start an EU energy strategy read more...
14 January 2009
The agreement between Russia and Ukraine was short lived and has prompted talks about the need to start an EU energy strategy read more...
Uncertainty for ETS Phase III
The European Union’s environment ministers have failed to reach agreement on a review of the ETS after the end of its current phase. read more...
23 October 2008
The European Union’s environment ministers have failed to reach agreement on a review of the ETS after the end of its current phase. read more...
New EU regulation on SO2 and NO2 could cause brown outs
Regulatory bodies sometimes fail to think about the long term prospects. read more...
03 June 2008
Regulatory bodies sometimes fail to think about the long term prospects. read more...
Referral to Competition Commission Called For
Allan Asher, CEO of Energywatch, claims that the energy regulator Ofgem is failing by not referring the UK energy markets to the Competition Commission. read more...
21 May 2008
Allan Asher, CEO of Energywatch, claims that the energy regulator Ofgem is failing by not referring the UK energy markets to the Competition Commission. read more...
So the Bears continued to dominate in quiet trade
A lack of liquidity dominated the UK Energy Markets again this week with what activity there was focusing in on the Winter 10 seasonal contract. read more...
06 August 2010
A lack of liquidity dominated the UK Energy Markets again this week with what activity there was focusing in on the Winter 10 seasonal contract. read more...
All Quiet....
A very quiet day in the UK energy markets which saw very little traded during the period - hardly surprising given the combination of usual Friday slowdown, holidays, a comfortable system as well it being the last traded day of the month. read more...
30 July 2010
A very quiet day in the UK energy markets which saw very little traded during the period - hardly surprising given the combination of usual Friday slowdown, holidays, a comfortable system as well it being the last traded day of the month. read more...
Natural Gas the one to watch
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
08 March 2010
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
Power Prices Fall without Obama's help
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. read more...
22 January 2010
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. 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...
Suddenly it's "British Petroleum"
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? read more...
02 June 2010
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? read more...
Power Prices Ride the Crest of the Fuel Wave
A bullish fuel market fed through into the UK Power Market today with gains of over £2/MWh seen on most of the seasonal curve contracts. read more...
26 April 2010
A bullish fuel market fed through into the UK Power Market today with gains of over £2/MWh seen on most of the seasonal curve contracts. read more...
Power Prices Fall without Obama's help
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. read more...
22 January 2010
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. read more...
UK Gas price highest in World.
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
11 September 2009
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
Are we leaving recession territory?
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
22 May 2009
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
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