Wednesday, June 20, 2007

U.K. Power Advances to Six-Month High on Narrow Margin of Spare Production

(Bloomberg) -- U.K. power for next-day delivery
matched a six-month high after generators used oil-fired and
hydroelectric plants to meet demand yesterday, indicating a
narrow margin of spare capacity.

Day-ahead baseload U.K. power rose as much as 3.5 percent
to 29.50 pounds ($58.77) a megawatt hour, according to prices on
Bloomberg from the energy broker GFI Group Inc. It traded at
29.25 pounds as of 9:02 a.m. in London.


Read more at Bloomberg Energy News

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