01 February 2007
Phase I emissions prices are at €2.40 which equates to £1.49/MWh for coal and £0.64p for gas.
Phase II emissions prices are at €15.30 which equates to £9.47/MWh for coal and £4.11p for gas.
Summer 07 = £23.50/MWh Summer 08 = £31/MWh differential = £7.50. Emissions differential (Spark) = £3.53/MWh
Winter 07 = £34.50/MWh Winter 08 = £36.45/MWh differential = £1.95. Emissions differential (Spark) = £3.53/MWh.
This shows that the Summers are in contango front season lower than back season. The Winters on the other hand are in backwardation. As mentioned already Summer 08 does look over priced in comparison to other seasons, and much of this is because if Winter 07 is cold then storage will need to be replenished and this is not required in 07, where storage is virtually full.
The market quiet
The market is now stating that it is close to the bottom, this generally means that there is further to go. read more...
02 February 2007
The market is now stating that it is close to the bottom, this generally means that there is further to go. read more...
Why Summer is riskier than Winter!
The market is showing that Q3 has some premia associated with it. Looking back in time shows why! read more...
05 February 2007
The market is showing that Q3 has some premia associated with it. Looking back in time shows why! read more...
Could this be the bottom?
The market is poised for a cold Wednesday and few generators starting to buy, will this entice someof the shorts to the market. read more...
06 February 2007
The market is poised for a cold Wednesday and few generators starting to buy, will this entice someof the shorts to the market. read more...
Is Q3 over valued?
Q3 is diverging between power and gas and so the risk premia is looking expensive, the spark spread traders must be wary of this but many of them have become out and out power traders. read more...
07 February 2007
Q3 is diverging between power and gas and so the risk premia is looking expensive, the spark spread traders must be wary of this but many of them have become out and out power traders. read more...
British Gas cut prices on coldest dy of the year
The suppliers are now jockeying for position to try and receive more and more customers. British Gas the first out the blocks is unlikely to make it in first place at the finishing line. read more...
08 February 2007
The suppliers are now jockeying for position to try and receive more and more customers. British Gas the first out the blocks is unlikely to make it in first place at the finishing line. read more...
$25m for solving climate change
Branson solution is putting his money where his mouth is, the question which many will ask is, is this the solution to the problem. read more...
09 February 2007
Branson solution is putting his money where his mouth is, the question which many will ask is, is this the solution to the problem. read more...
Why modelling might be an own GOAL.
Modelling is defintely worth using if you are confident with the assumptions but going down to spurios detail can hide the models defficiencies. read more...
12 February 2007
Modelling is defintely worth using if you are confident with the assumptions but going down to spurios detail can hide the models defficiencies. read more...
Has the market seen the Winter cold snap.
The market is responding to mild weather plentiful supply and a feeling of low prices are here to stay. The long term forward buyers are being corageous in trying predict the low of the market and yet the bearish signals are still there. read more...
13 February 2007
The market is responding to mild weather plentiful supply and a feeling of low prices are here to stay. The long term forward buyers are being corageous in trying predict the low of the market and yet the bearish signals are still there. read more...
British Energy plays Monopoly.
British Energy have the property they just can't seem to get past GO. This is not helped by the other players who avoid jail and income tax and seem to be getting some large throws on the electricity company, producing some large rents. read more...
14 February 2007
British Energy have the property they just can't seem to get past GO. This is not helped by the other players who avoid jail and income tax and seem to be getting some large throws on the electricity company, producing some large rents. read more...
Nuclear not quite such a forgone conclusion
Greenpeace hold the government to account. This is something which is long overdue. read more...
15 February 2007
Greenpeace hold the government to account. This is something which is long overdue. read more...
Market bounces a little
Market sees a little support as a few buyers return to test to see if there is an upside level. Flushing out some stop losses might be the next move. read more...
16 February 2007
Market sees a little support as a few buyers return to test to see if there is an upside level. Flushing out some stop losses might be the next move. read more...
NPower next to cut-but why
Power market falls back down on Friday as plentiful supply continues. read more...
19 February 2007
Power market falls back down on Friday as plentiful supply continues. read more...
Are renewables the future.
Renewables must be encouraged and although they are expensive they could be a good long term solution. read more...
20 February 2007
Renewables must be encouraged and although they are expensive they could be a good long term solution. read more...
The cost of buying forward
There is a premium associated with having security, of cash flow and knowledge. £6/MWh looks too much but it is not far away. read more...
21 February 2007
There is a premium associated with having security, of cash flow and knowledge. £6/MWh looks too much but it is not far away. read more...
Prices feel stuck
The market knows that the bottom cannot be too far away but it is being cagey when it wanst to test the low levels. read more...
22 February 2007
The market knows that the bottom cannot be too far away but it is being cagey when it wanst to test the low levels. read more...
The spreads are saying something
Spreads often show correlations and how they might be linked but the correlations are breaking between Winter and Summer throughout the curve. read more...
23 February 2007
Spreads often show correlations and how they might be linked but the correlations are breaking between Winter and Summer throughout the curve. read more...
Market rises
The market has finally picked up which was always expected but will it be sustained through March. read more...
26 February 2007
The market has finally picked up which was always expected but will it be sustained through March. read more...
Power companies playing a canny game
Power players discount the gas price more heavily than the electricity price will the regulator notice. read more...
27 February 2007
Power players discount the gas price more heavily than the electricity price will the regulator notice. read more...
Stock and commodities are they connected
The market is definitely in a state of flux with some players suggesting that a bull run is imminent but others hint that this is a flash in the pan. Everyone agrees that it is volatility which is returning. read more...
28 February 2007
The market is definitely in a state of flux with some players suggesting that a bull run is imminent but others hint that this is a flash in the pan. Everyone agrees that it is volatility which is returning. read more...
Keep up to date on energy trading news.
Click here to subscribe
Click here to subscribe
Powerisk Online tools and services.
Click here to login
Click here to login
Powerisk glossary of power terminology.
Click here for glossary
Click here for glossary
