Prices bounce as debt fears fade
It has been a fortnight of two definite halves, with UK power and gas prices falling in the first week of August – as US/Eurozone debt panic stoked expectations that energy demand could drop in any new economic slowdown, only to bounce in the second week as global markets recovered.
Although the month started with prices across all periods continuing to tumble, there has since been a general rebound in values.
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Energy Market Intelligence report – mid August 2011
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