prices are dropping --dont believe the hype

fatlad1971

BusinessEnergyBroker wrote: »

Date : Monday 22nd September 2008


Baseload (£/MWh)
Period Bid Offer
Day Ahead 118.9 119.9
Week 40 105.5 108
Week 41 99 103
Oct 08 100 101.25
Nov 08 108.25 109
Dec 08 99.25 100
Q4 08 102.15 103.5
Win 08 98.2 99.25
Sum 09 73.3 74
Win 09 80.85 82
Sum 10 68.25 70
Win 10 76.85 78.5

Date : Tuesday 23rd September 2008


Baseload (£/MWh)
Period Bid Offer
Day Ahead120.5 121.5
Week 40 110.75 112
Week 41 103.5 108.5
Oct-08 104.8 104.9
Nov-08 112.65 113
Dec-08 103.35 104
Q4-08 106.8 107.05
Win 08 102 103
Sum 09 76 76.8
Win 09 83.3 83.6
Sum 10 71.55 71.8
Win 10 79.7 80

My point exactly about not getting excited too soon. These day ahead prices are just crazy (equivalent to 12.15p pkwh) before any additional costs.

All prices for electricity are back up again and I expect gas will follow suit.

It needs a sustained period of reduction before anyone can say prices are coming down.

your right

but this is just short term volatility
you notice the trend on this BE wholesale price predictions is downwards

oil prices dropped again pretty much straight away U.S. crude oil is now trading below $110 a barrel and London Brent Crude below $103 a barrel.