Emissions crash has limited impact
The second half of June started with an accelerating downtrend across energy markets – October ’11 Annual UK power being dragged below £54/MWh, its lowest level since the Japanese earthquake – before prices witnessed a general rebound. While Annual UK gas prices are now only marginally down on where they were in mid-June, this belies the volatility seen on the market over the last two weeks, with prices witnessing a downwards price swing of 3.5-4 p/th, before rebounding.
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Energy Market Intelligence report – early July 2011
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