Monday, May 21, 2007

U.K. Working-Day Electricity Price Declines as Generators Boost Capacity

(Bloomberg) -- U.K. power for delivery on the next
working day declined as producers started generation units,
widening the margin of spare capacity compared with previous
forecasts.

U.K. day-ahead power dropped 15 percent to 23 pounds
($45.37) a megawatt hour, from a last traded price of 27 pounds
on May 18 for delivery today, according to prices on Bloomberg
from the energy broker Spectron Group Plc. The average working-
day price last week was 24.25 pounds a megawatt-hour.


Read more at Bloomberg Energy News

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