Friday, May 18, 2007

U.K. Working-Day Electricity Rises, Bolstered by Power Premium in France

(Bloomberg) -- U.K. power for delivery on the next working day jumped on expectations that some traders would take advantage of higher prices in neighboring France.

U.K. working-day-ahead baseload power increased 33 percent to trade at 28 pounds ($55.31) a megawatt hour, compared with a last price of 21 pounds yesterday for electricity delivered today, according to prices on Bloomberg from the energy broker GFI Group Inc. The average price for working-day power this week was 23.70 pounds a megawatt hour.


Read more at Bloomberg Energy News

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