A Rare Bull Appearance

09 December 2008

A bullish respite in a bearish market was seen with some gains seen on the power curve.

A bullish respite in a bearish market was seen with some gains seen on the power curve. A tight system forecast was the cause in the prompt market with a cooler than expected forecast. In addition an unplanned outage at BE's 660MW Heysham helped the bullish sentiment. Week 51 Baseload closed up £1.90MWh at £55.125. Further out Q1 09 was squuezed by the bullish prompt and a bearish gas market and recorded small gains closing at £54.775. Oil gains, and therfore subsequent gas contract gains further out helped to push up Winter '09 at £53.675MWh.


Bear Market  Weather 

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