Wednesday, 11 July 2007

U.K. Electricity Declines on Spare Generating Capacity, French Price Drop

(Bloomberg) -- U.K. power for delivery a day ahead
declined as forecasts predicted an increase in spare generation
capacity and prices in France fell.

Electricity for day-ahead baseload delivery in the U.K.
fell as much as 7.8 percent to 24.20 pounds ($49.10) a megawatt
hour, according to prices on Bloomberg from the broker GFI Group
Inc. It traded at 24.95 pounds a megawatt hour at 11:08 a.m. in
London.


Read more at Bloomberg Energy News

No comments: