Normal trading conditions continue in the mild mannered Summer.
Despite flooding and the world seemingly being chucked on its head. A reduction in gas coal and emissions prices saw prices fall off in the UK power market along the curve. Day ahead also fell down to around £22 and this saw July heavily beaten down to £23+. Amazingly one could have bought July eight weeks ago at £32 and this looked like a good price.
The curve looks reasonably rangebound with players willing to buy on the falls and the sellers snuffling out any serious rallies.
22 July 2005
PowerGen the highest tariff in the land, as wholesale prices continue to fall. Perhaps PowerGen just don't want the customers. read more...
13 July 2005
Bears are back, downward spiral across all fundamentals is welcome relief for the shorts in the market. read more...
25 June 2005
Market highs, put pressure on governments to intervene, who is likely to be the G.Soros of the power market. read more...
17 June 2005
"'Curiouser and curiouser,' cried Alice!" Alice and Wonderland read more...
27 April 2005
Oil sneezes and the others look coldy. read more...
CRC- What Price?
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
03 February 2012
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
Carbon Floor Price Announcement: The Market Reacts
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
25 March 2011
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
Japan, Germany & MENA -Global Energy
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. read more...
18 March 2011
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. 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...
Shale Gas - Latest UK estimates suggest enough for next 11 years
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
22 September 2011
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
Energy Forward Prices continue to gain ground
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
10 June 2011
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
Downward Trend Still in Play
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
13 May 2011
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
Winter 11 - A Slippery Slope
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
06 May 2011
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
The Market in April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
28 April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
Winter 11 - A Slippery Slope
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
06 May 2011
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
Where's the certainty?
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
23 December 2009
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
Dong buy Severn Power
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
10 March 2009
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
Green Light for additional 3.92GW of Capacity
The development of 3.92GW of power plant capacity was given the green light yesterday by the Department for Energy & Climate Change. read more...
06 February 2009
The development of 3.92GW of power plant capacity was given the green light yesterday by the Department for Energy & Climate Change. read more...
A sliding Prompt
A comfortable system in terms of supply margins left the prompt power market sliding. read more...
14 November 2008
A comfortable system in terms of supply margins left the prompt power market sliding. read more...
Warm weather weighs heavy on prices
Unseasonably warm weather and European debt crisis fears continued to influence the markets at the start of 2012. While oil did open the year up on the back of strong economic data from both the US and China, it retraced its steps on surprise US stockpile data combined with the Euro debt fears. read more...
06 January 2012
Unseasonably warm weather and European debt crisis fears continued to influence the markets at the start of 2012. While oil did open the year up on the back of strong economic data from both the US and China, it retraced its steps on surprise US stockpile data combined with the Euro debt fears. read more...
November 2011 Review
While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive. read more...
02 December 2011
While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive. read more...
Plunging Prices Impact UK Energy market
Oil markets were described as 'plunging' as fears escalated over the Greek debt crisis. With the dollar/euro exchange rates under pressure oil lost value pulling down NBP gas and UK power prices too. read more...
17 June 2011
Oil markets were described as 'plunging' as fears escalated over the Greek debt crisis. With the dollar/euro exchange rates under pressure oil lost value pulling down NBP gas and UK power prices too. read more...
Downward Trend Still in Play
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
13 May 2011
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
A Market Correction?
Losses were seen in the UK energy markets this week despite oil gains. This was the first sign that gas was decoupling from oil with suggestions in market implying that the recent gains had been ‘over done. read more...
08 April 2011
Losses were seen in the UK energy markets this week despite oil gains. This was the first sign that gas was decoupling from oil with suggestions in market implying that the recent gains had been ‘over done. read more...
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