Last week was a week for the Bears resulting in curve contracts reaching their year lows. Despite a rally seen early on in the week in the oil and gas markets, the power market never really followed the lead. The gas rally was short lived anyway and significant falls of over £0.8/MWh were seen on Thursday in all curve contracts compounded on Friday by additional downward pressure. Summer 10 finished the week at £35.90/MWh and Winter 10 at £43.40/MWh.