Tuesday, July 17, 2007

U.K. Electricity Rises, Boosting Profit Margins for Gas-Fired Power Plants

(Bloomberg) -- U.K. electricity for delivery a day
ahead gained, boosting profit for operators of plants that burn
natural gas, the fuel for about 40 percent of Britain's power
generation.

Baseload electricity for next-day delivery rose as much as
4.2 percent to 28.65 pounds ($58.50) a megawatt-hour, according
to prices on Bloomberg from the energy broker Spectron Group
Plc. It traded at 28 pounds a megawatt hour at 8:52 a.m. in
London. Baseload power is delivered around the clock.


Read more at Bloomberg Energy News

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