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.
The prompt power market rallied on the back of reports of an anticipated tight system for the Monday before Christmas. The Day Ahead contract closed at £40.85MWh, up £4.75. The bullish sentiment fed through the curve helped by a strong gas market with Summer 10 closing up £0.35MWh and Winter 10 up £0.5MWh at £45.50 to breach the £45MWh level which had been acting as a ceiling for the past 6 weeks. On the whole, the market was relatively quiet as trading desks start to wind down for Christmas.
07 March 2006
Prompt prices can influence the backend of the curve but sometimes traders over estimate how important it is. read more...
12 April 2005
Morgan Stanley downgrades Corus. read more...
07 March 2005
Mild weather forces drops which are tempered by a very bullish emissions price. read more...
04 March 2005
Cold snap could be the last price spike of Winter 04 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...
Night Night Power Market!
The market seems warm and cosy (aka stable with low volatility) - but wait until the players return in September! read more...
07 August 2009
The market seems warm and cosy (aka stable with low volatility) - but wait until the players return in September! 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...
Ofgem enquiry completed
Ofgem have completed their competition probe and not really delivered for business. read more...
18 March 2009
Ofgem have completed their competition probe and not really delivered for business. 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...
Year to Date (week 7) Lows
With the cold spell already priced into the curve and with bearish fuel prices, the power market hit year lows. At the same time, the season differentials narrowed giving the curve a smoother appearance. read more...
22 February 2010
With the cold spell already priced into the curve and with bearish fuel prices, the power market hit year lows. At the same time, the season differentials narrowed giving the curve a smoother appearance. 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...
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...
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...
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...
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...
Oil prices fall marginally
Oil prices fall back after the largest single daily rise ever seen in the market. read more...
09 June 2008
Oil prices fall back after the largest single daily rise ever seen in the market. read more...
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