Tuesday, June 19, 2007

U.K. Electricity Gains as Spare Capacity Drops; French Prices Increase

(Bloomberg) -- U.K. power for delivery on the next
working day rose as the volume of spare power-generation
capacity in Britain declined. French power increased, narrowing
its discount to the German electricity market.

Day-ahead baseload power for delivery in the U.K. gained as
much as 7.4 percent to trade at 29 pounds ($57.52) a megawatt
hour, according to prices on Bloomberg from the energy broker
Spectron Group Plc. It last traded at 28.75 pounds a megawatt
hour as of 10:14 a.m. in London.


Read more at Bloomberg Energy News

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