Short-term slump filters through
The lack of volatility seen in UK Annual power prices in the first half of July spilled over into the second half of the month, with prices moving in a tight £0.80/MWh range. But long-term levels have been finding it increasingly difficult to resist the weakness in short-term discussion, and as August started prices buckled.
An increase in gas flows from Norway has helped accelerate the bearishness in short–term UK gas prices over the last few days, also finally forcing longer term values lower.
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Energy Market Intelligence report – early August 2011
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