Comfortable margins on the system as well as a Bank Holiday helped to minimise the gains recorded in the UK Power market on Friday.
With concerns from earlier in the week of plant coming off-line for weekend maintenance dissipating, and with forecast warm weather, a Bank Holiday and school holidays looming, as well as fairly quiet oil market - the UK Power Market did not record a single record price! Winter 08 recorded just a £0.15MWh gain on Thursday’s days close although Winter 09 did record a larger gain of £0.40MWh. This means there is now just under £1MWh differential between these 2 contracts – a signal that the power curve is mirroring the contango seen in the oil market.
12 December 2005
The oil explosion at Buncefield whilst limiting storage capacity for oil is unlikely to seriously effect gas and power markets. Expect a small rise but when the embers die down so will the price. read more...
01 September 2005
Beware of the impact of increasing freight prices on the back of Katrina. read more...
31 August 2005
Oil rises on the back of Katrina effect. Winter 06 hit more than the prompt. read more...
08 June 2005
Contango causing large customers to manage their own risk. 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...
Should I buy long term power contracts?
With a market in contango, should the customer steer clear of long term contracts? Probably not.. read more...
14 August 2009
With a market in contango, should the customer steer clear of long term contracts? Probably not.. read more...
Summers Lack Shape
Oil price volatility, credit constraints and the Lehman collapse has all badly affected liquidity further out on the gas curve. read more...
27 October 2008
Oil price volatility, credit constraints and the Lehman collapse has all badly affected liquidity further out on the gas curve. read more...
Q4 v Q1 Future (Gas)
Spreads sometimes show how markets can change, and this gas spread is an interesting one to analyse. read more...
04 February 2008
Spreads sometimes show how markets can change, and this gas spread is an interesting one to analyse. read more...
Ernst and Young Reports states gas reliance by 2025
Ernst Young think that gas is where the growth is. Powerisk disagrees and thinks that the future is in coal this where the growth in the technology is. read more...
22 January 2008
Ernst Young think that gas is where the growth is. Powerisk disagrees and thinks that the future is in coal this where the growth in the technology is. 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...
Suddenly it's "British Petroleum"
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? read more...
02 June 2010
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? 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...
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...
UK Gas price highest in World.
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
11 September 2009
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
Are we leaving recession territory?
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
22 May 2009
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
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