Its wet almost everywhere and this only proves that predicting the weather is like trying to pick the winner at Wimbledon. Everyone knows that Federer should win and this was the hottest summer on record but it looks like a Pat Cash could win again!
Somehow the rumour mill in the Met office is beginning to suggest that they have cried wolf too many times. The last Winter was supposed to be one of the coldest on record and ended up being the mildest on record. Summer 2007 was supposed to be the hottest on record and looks set to be one of the wettest, certainly today if the predictions are correct will end up being the wettest day in June for 50 years, with some parts of Herefordshire actually receiving one months rain in one day. Given that most of Tewkesbury is flooded already it looks worrying for them.
From a trading and power perspective it is clear that one should buy the rumour and sell the fact, when it comes to the weather. The other advantage seems to be that in the past if you got it wrong correcting your trading decision would be costly, but this less the case with the cost of day ahead being so cheap.
04 March 2005
Cold snap could be the last price spike of Winter 04 read more...
28 February 2005
Normal trading resumed, with a fall off to reflect supply margins read more...
17 February 2005
Prompt up- better to be long and wrong, than short and caught. read more...
Gains Seen Across the Curve
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
21 December 2009
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
Market forgets basic principles and panics!
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
02 October 2009
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. 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...
Lower than Expected Demand Puts on Pressure
A combination of factors appear to have influenced UK power demand and NGC is said to be keeping a close eye on demand outturn going forward which may cause it to review its winter outlook. read more...
06 November 2008
A combination of factors appear to have influenced UK power demand and NGC is said to be keeping a close eye on demand outturn going forward which may cause it to review its winter outlook. read more...
Week 44 helps Drive November Down
The November contract came under pressure falling £9.25/MWh Baseload and £12.30MWh Peaks. read more...
16 October 2008
The November contract came under pressure falling £9.25/MWh Baseload and £12.30MWh Peaks. read more...
The Energy Efficient Clock Change
A wet and cold week in store for most but clock change is likely to help absorb some of the impact of energy use - but could the clock do more? read more...
29 March 2010
A wet and cold week in store for most but clock change is likely to help absorb some of the impact of energy use - but could the clock do more? 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...
Gas Imports Keep the System Balanced
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
08 January 2010
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
Gas Balancing Alert Issued
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
05 January 2010
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
Winter is Coming - or is it?
With the 'balmy' temperatures enjoyed over November , it's hard to believe that tomorrow officially marks the start of winter according to the Met Office - but what can we expect? read more...
30 November 2009
With the 'balmy' temperatures enjoyed over November , it's hard to believe that tomorrow officially marks the start of winter according to the Met Office - but what can we expect? read more...
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