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Tough financial forces plus lousy summer
weather appear to be determined to test and take
charge of the wholesale energy supply
marketplace.
Prices tumbled throughout the middle of June to new lows. Annual gas costs are now 15%
lower than the same time last year, whilst yearly power prices fell to a two-year low plus are
22% down year-on-year.

Falling power prices dragged yearly spark spreads down 7% to £3.4/MWh, and even
which reliable stalwart coal is having a hard time of factors, with slipping prices buffering the fall
of dark spreads somewhat to a £17.9/MWh premium to spark spreads.

So what's been setting off these price crashes? Well, concerns regarding debt inside the
Eurozone nations hasn't assisted. Greece lurches from crisis to crisis and even the election of a
brand-new government is doing small to allay worries about its long-term future. But it's slowing
economic development in the US and China that has really forced international power markets
downwards. Brent Tycoon Energy Crude Oil tumbled to $97.6/bl, its lowest level since January
2011, and annual API coal dropped to a new 20-month low of $95.4/t.

However, all of the is wise news for consumers. While you will be lost out on which 'BBQ
summer' the forecasters promised you, both domestic and commercial end-users have watched
stamina prices drop inside real terms. A fall in inflation has additionally helped to stabilise the
retail marketplace, but the big difference has been at the pumps, where motorists have finally
started to find the numbers found on the forecourts going down rather of up. This, combined
with lower electricity and gas costs, has given the British economy a short respite, throughout
which it has a chance to drive up production and keep the fragile heart of UK PLC beating for a
while longer.

Ironically, it's been the biomass market which has held the fort. Despite biomass contracts
dropping, with costs for 2013 down 1% to £88.5/t, prices are nevertheless around 6%
higher than this time last year. They've recovered from their four-year low and are at their
highest level for five months. This boost has been assisted inside no tiny measure with all the
approval of the plans for a 40MW staw-fuelled biomass plant in Snetterton, Norfolk, that have
finally been given the go-ahead.

The real headline grabber throughout June and into July has been the atrocious weather the UK
has experienced. Lower than average June temperatures plus storm after storm has resulted
inside a rise in UK gas demand. Supply peaked at 223.1mcm on 11th June, inside the middle of
the bad weather. Industry watchers believe which the unseasonably bad weather has
encouraged countless people to do something they wouldn't normally do in June - they turned
the heating up. The outcome was which though the nationwide system decreased 0.1%, the
territorial program climbed 2.2%. To date, summer demand (calculated from April 1st) was down
7.8% found on the national system yet up a staggering 31.1% found on the regional system,
compared to the same time last year.

What this indicates is the fact that while gas demand for energy generation is down year-on-
year, usage by households and little companies has risen. This signifies which gas expenditure
is acting as a barometer for the productiveness of the UK economy plus whilst the big
consumers will be trying, homes plus companies are continuing to ride out the worst of the
economic storm, placing a more positive face on what has been a difficult few months.

How prices will fare in the next limited weeks might depend on 3 things - the resolution (or
otherwise) of the Eurozone crisis, and the financial condition of the US and China. If they
commence to wobble you might see prices commence to climb back up again.

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476100 natural gas oil drilling

  • 1. Tough financial forces plus lousy summer weather appear to be determined to test and take charge of the wholesale energy supply marketplace. Prices tumbled throughout the middle of June to new lows. Annual gas costs are now 15% lower than the same time last year, whilst yearly power prices fell to a two-year low plus are 22% down year-on-year. Falling power prices dragged yearly spark spreads down 7% to £3.4/MWh, and even which reliable stalwart coal is having a hard time of factors, with slipping prices buffering the fall of dark spreads somewhat to a £17.9/MWh premium to spark spreads. So what's been setting off these price crashes? Well, concerns regarding debt inside the Eurozone nations hasn't assisted. Greece lurches from crisis to crisis and even the election of a brand-new government is doing small to allay worries about its long-term future. But it's slowing economic development in the US and China that has really forced international power markets downwards. Brent Tycoon Energy Crude Oil tumbled to $97.6/bl, its lowest level since January 2011, and annual API coal dropped to a new 20-month low of $95.4/t. However, all of the is wise news for consumers. While you will be lost out on which 'BBQ summer' the forecasters promised you, both domestic and commercial end-users have watched stamina prices drop inside real terms. A fall in inflation has additionally helped to stabilise the retail marketplace, but the big difference has been at the pumps, where motorists have finally started to find the numbers found on the forecourts going down rather of up. This, combined with lower electricity and gas costs, has given the British economy a short respite, throughout which it has a chance to drive up production and keep the fragile heart of UK PLC beating for a while longer. Ironically, it's been the biomass market which has held the fort. Despite biomass contracts dropping, with costs for 2013 down 1% to £88.5/t, prices are nevertheless around 6% higher than this time last year. They've recovered from their four-year low and are at their highest level for five months. This boost has been assisted inside no tiny measure with all the approval of the plans for a 40MW staw-fuelled biomass plant in Snetterton, Norfolk, that have finally been given the go-ahead. The real headline grabber throughout June and into July has been the atrocious weather the UK has experienced. Lower than average June temperatures plus storm after storm has resulted inside a rise in UK gas demand. Supply peaked at 223.1mcm on 11th June, inside the middle of the bad weather. Industry watchers believe which the unseasonably bad weather has encouraged countless people to do something they wouldn't normally do in June - they turned the heating up. The outcome was which though the nationwide system decreased 0.1%, the territorial program climbed 2.2%. To date, summer demand (calculated from April 1st) was down
  • 2. 7.8% found on the national system yet up a staggering 31.1% found on the regional system, compared to the same time last year. What this indicates is the fact that while gas demand for energy generation is down year-on- year, usage by households and little companies has risen. This signifies which gas expenditure is acting as a barometer for the productiveness of the UK economy plus whilst the big consumers will be trying, homes plus companies are continuing to ride out the worst of the economic storm, placing a more positive face on what has been a difficult few months. How prices will fare in the next limited weeks might depend on 3 things - the resolution (or otherwise) of the Eurozone crisis, and the financial condition of the US and China. If they commence to wobble you might see prices commence to climb back up again.