Too Many Buyers…

08 October 2008

Too many buyers and not enough sellers were the reasons attributed to significant gains seen in the power markets.

Too many buyers and not enough sellers were the reasons attributed to significant gains seen in the power markets. November Baseload jumped nearly £15/MWh closing at £150.50/MWh while the £30/MWh gains saw November Peaks close at £232/MWh. It seems that Utilities and End Users were keen to cover their November positions alongside the anticipation that the market will be short power in November.


Supply  Bull Market  shape 

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