Monday, July 2, 2007

U.K. Day-Ahead Electricity Rises as Natural Gas Costs, French Power Gain

(Bloomberg) -- U.K. power for delivery on the next
working day increased as the cost of natural gas rose and French
power traded at a higher price, suggesting Britain may export to
the continent tomorrow.

U.K. working-day-ahead baseload power rose as much as 4.6
percent to 25.10 pounds ($50.47) a megawatt hour, compared with
a last price on June 29 of 24 pounds a megawatt hour for
electricity delivered today, according to prices on Bloomberg
from the energy broker GFI Group Inc. It last traded at 24.50
pounds a megawatt hour as of 10:30 a.m. in London.


Read more at Bloomberg Energy News

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