Tuesday, May 1, 2007

U.K. Power Rises; Exports to France Likely Tomorrow, After Public Holiday

(Bloomberg) -- U.K. power for delivery a day ahead rose as a higher French price suggested flows on a cable connecting the two countries will switch direction tomorrow, so Britain is exporting electricity to continental Europe.

U.K. day-ahead power increased as much as 18 percent to 20.25 pounds ($40.55) a megawatt hour, according to price information on Bloomberg from the energy broker Spectron Group Plc. It last traded at 20.25 pounds a megawatt hour as of 9:30 a.m. in London.


Read more at Bloomberg Energy News

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