Currency moves has meant that buying $ priced oil and coal will be costing the UK more than in previous months.
Oil and coal are bought using $ and the weakening of the pound against the $ has meant that importing these goods has become seriously more expensive.
07 January 2008
Darling thinks that Ofgem may hold the answers but Ofgem rightly do not interfere with markets something which Darling should be aware of. read more...
16 January 2006
Oil under pressure from Iran, as coal fired plant is on the up as the spark spread tightens relative to the dark spread. read more...
16 December 2005
Quiet market as the traders drink to healthy profits before Christmas. 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...
12 April 2005
Morgan Stanley downgrades Corus. 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...
Cashing in on the Power Price Highs
A number of coal-fired power stations, that opted out of the Large Combustion Plant Directive (LCPD), appear to have exceeded operating expectations to take advantage of high summer power prices read more...
29 August 2008
A number of coal-fired power stations, that opted out of the Large Combustion Plant Directive (LCPD), appear to have exceeded operating expectations to take advantage of high summer power prices read more...
We have reached peak oil .... again?
Another article in the press this week suggests that we face peak oil imminently (we say another article because various academics have been reporting this fact periodically over the past few years). In any event, whether peak oil (the point at which growth in supply is less than the growth in demand) occurred this week, last month or last year, the point is we have, or are about to, reach a turning point and something ought to be done. read more...
31 July 2009
Another article in the press this week suggests that we face peak oil imminently (we say another article because various academics have been reporting this fact periodically over the past few years). In any event, whether peak oil (the point at which growth in supply is less than the growth in demand) occurred this week, last month or last year, the point is we have, or are about to, reach a turning point and something ought to be done. read more...
What type of recession will it be.
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
13 May 2009
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
Oil eases off
Oil bulls retreated as the markets digested the US oil stock levels. read more...
15 April 2009
Oil bulls retreated as the markets digested the US oil stock levels. read more...
Recent oil price rises will not last
The recent oil price increase seen last week has already started to fall and Powerisk explains why it will continue to stall. read more...
25 March 2009
The recent oil price increase seen last week has already started to fall and Powerisk explains why it will continue to stall. read more...
Oil increases turn gas more bullish
The oil market rose marginally to an change in US stock levels. read more...
25 February 2009
The oil market rose marginally to an change in US stock levels. read more...
Out with the Old, In with the New
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
31 December 2009
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
Unseasonal Temperatures help to melt prices
Middle of November but no sign of wintery temperatures. The effect was to soften the prompt power market, which also felt the pressure from weak commodity curves. The downward trend fed through the power curve. read more...
16 November 2009
Middle of November but no sign of wintery temperatures. The effect was to soften the prompt power market, which also felt the pressure from weak commodity curves. The downward trend fed through 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...
What's Happening in the Back-End?
The back end of the curve is extremely difficult to trade. Those dipping their toe in tend to be Producers (with excessive length adjusting their risk positions) and Banks looking for some exposure. At the same time Retailers tend to be short-termist. read more...
19 June 2009
The back end of the curve is extremely difficult to trade. Those dipping their toe in tend to be Producers (with excessive length adjusting their risk positions) and Banks looking for some exposure. At the same time Retailers tend to be short-termist. read more...
Budget day sees the UK set lead on carbon
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
22 April 2009
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. 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...
What type of recession will it be.
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
13 May 2009
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
Oil eases off
Oil bulls retreated as the markets digested the US oil stock levels. read more...
15 April 2009
Oil bulls retreated as the markets digested the US oil stock levels. read more...
Market ticks up
The power market ticked up marginally today on the back of retail clients starting to hedge exposures out of April 09. read more...
04 March 2009
The power market ticked up marginally today on the back of retail clients starting to hedge exposures out of April 09. read more...
Oil increases turn gas more bullish
The oil market rose marginally to an change in US stock levels. read more...
25 February 2009
The oil market rose marginally to an change in US stock levels. 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...
New trading levels anticipated in UK Power Markets
The electricity market saw two main technical levels breached for the first time in the Summer 10 and Winter 10 contracts. read more...
28 August 2009
The electricity market saw two main technical levels breached for the first time in the Summer 10 and Winter 10 contracts. read more...
Oil eases off
Oil bulls retreated as the markets digested the US oil stock levels. read more...
15 April 2009
Oil bulls retreated as the markets digested the US oil stock levels. read more...
Green Investment Bank still a Concept
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
A week of Positives
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week. read more...
09 July 2010
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week. read more...
Unemployment Figures Rise
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession. read more...
16 June 2010
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession. read more...
A Week for Releasing Figures
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot. read more...
20 April 2010
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot. read more...
Confidence Is out there - but are the Foundations Strong?
The signs are positive. Business confidence is high; appetite for financial risk is increasing and stocks are starting to outperform safe assets such as cash and gold. But with political uncertainty still looming and still an amazing lack of clarity with regard plans to 'bail out' UK plc', there is a great risk that this confidence will ebb away. read more...
12 April 2010
The signs are positive. Business confidence is high; appetite for financial risk is increasing and stocks are starting to outperform safe assets such as cash and gold. But with political uncertainty still looming and still an amazing lack of clarity with regard plans to 'bail out' UK plc', there is a great risk that this confidence will ebb away. read more...
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