
The UK Energy markets reverted to sidestepping and slipping amidst low liquidity levels. These liquidity levels continue to hamper the market with some suggesting they have an adverse impact on competition. Churn levels in the UK power markets - the number of times a unit of power is traded - are reported at 2, extremely low when compared to a churn level of 11 in the UK gas markets. But with US debt discussions continuing to rumble on it is little surprise that participants in the energy markets are choosing to step back unwilling to speculate at a time of such economic uncertainty.