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A Review of European Gas and Power Price Trends Provides an Examination of the Wholesale Gas Price Trends in Europe's Three Key Markets

Posted on: Tuesday, 8 April 2008, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c87961) has announced the addition of "Monthly Price Brief - A Review of European Gas and Power Price Trends: December 2007" to their offering.

The growing role of wholesale traded energy markets across Europe creates a greater need for players throughout the value chain to be aware of the latest market movements and developments. From the wellhead or power station gate to the end-user, volatility in the spot and forward price of power and gas is creating an increasingly challenging environment for all market participants.

Scope

An examination of the wholesale gas price trends in Europes three key markets - the UK NBP, the Zeebrugge Hub and the Dutch TTF.

An assessment of traded power prices in the UK, Belgian, Dutch, German and French wholesale power markets.

Insight and analysis into the impact of wholesale markets on the wholesale / retail price interface.

Highlights of this title

Underlying commodities provided little relief to suppliers as prices soared.

BEB out turned at a premium to Henry Hub prices.

European power prices continued to rise, led by French base load prices.

Key reasons to purchase this title

Establish the current level of wholesale and retail energy prices and the fundamental drivers behind movements in the traded value of gas and power

Understand how wholesale pricing impacts different facets of the value chain, identifying the potential to limit risk through hedging strategies

Forecast future developments in the traded price of gas and power in order to successfully take advantage of arbitrage opportunities

Contents:

OUR VIEW CATALYST SUMMARY ANALYSIS Underlying commodities provided little relief to suppliers as prices soared Underlying commodities provided little relief to suppliers as prices soared West Texas Intermediate and Brent oil price spreads narrowed as prices peaked in December Oil traders parted from fundamentals as crude futures jumped Coal prices will impact upon key investment decisions in 2008 In Europe, gas and oil product prices are decoupling In the UK, there are no clear long-term links between oil and gas prices Brent oil prices and NBP gas prices show little correlation In Germany, BEB gas prices weakly track the crude benchmark BEB outturned at a premium to Henry Hub prices Gas continued to be an important fuel in the stationary sectors European power prices continued to rise, led by French baseload prices In Belgium, near-end prices made an upward adjustment as temperatures dropped In France, wholesale power prices traded at new highs over November In Germany, power prices rose as suppliers came under pressure In the Netherlands, power prices firmed at the near-end of the forward curve In the UK, low temperatures increased prices on all contracts European gas prices increased, but mainly on the near-end NBP contracts rose due to lower temperatures and supply expectations The Belgian gas market mirrored the NBP, as only year ahead contracts fell

APPENDIX This brief builds upon Datamonitors extensive pricing proposition Glossary This brief contains a number of industry standard terms Our analysis builds on other sources to provide greater insight Further Reading Extended Methodology We assess the profitability of fossil fuel plants across northwest Europe Our bespoke services can be tailored to your specific needs Ask the analyst Our consulting Disclaimer

List of Figures

For more information visit http://www.researchandmarkets.com/reports/c87961

Source: Datamonitor

Source: Business Wire

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