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Research and Markets: Monthly Price Brief Report - A Review of European Gas and Power Price Trends 2008

Posted on: Tuesday, 14 October 2008, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/research/37ac0c/monthly_price_brie) has announced the addition of the "Monthly Price Brief - A Review of European Gas and Power Price Trends 2008" report 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

Energy market fundamentals for H1 2008 have been challenged by persistently bullish markets

Bullish power market continues to firm contracts along the curve

Gas prices firm with deepening worry over demand and supply fundamentals

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

ANALYSIS

- Energy market fundamentals for H1 2008 have been challenged by bullish markets

- Retail price drivers are opaque, however the UK are still EU-27 cheapest retail domestic gas supplier

- Retail price drivers are opaque, however the UK are still EU-27 cheapest retail domestic gas supplier

- The spot market is a good indicator of fundamental changes to temperature and to demand side drivers

- Gas demand shows a higher degree of cyclicality given the rise of air-conditioning and Q2 & Q3 power demand

- Gas-on-gas price competition has been put in doubt with greater oil market correlation

- Investment strategies and the wider economic climate play a significant role in commodity prices

- The FTSE-100 all share index shows stable and cyclical characteristics, particularly in comparison to the oil market

- The outlook for the UK power market shows signs of softening going out on the curve

- Oil prices and supply bottlenecks and market uncertainty is illustrated by the NBP gas curve

- Coal prices have been bullish by nature over the past two years, despite expectations of receding

- Rough, UKs key storage facility, is injecting in preparation for Winter 2008

- Bullish power market continue to firm contracts at the prompt end

- Belgian baseload power prices continued to firm along the curve

- French power contracts were bullish through the month of June at both at the prompt and far ends of the forward curve

- German baseload power prices up sharply on last months trading close

- Dutch power contracts are returning to 2006 peaks with bullish trader sentiment going out on the curve

- UK baseload power contracts firmed at an accelerated rate through June

- Gas prices firm with deepening worry over demand and supply fundamentals

- Front-month gas delivery continues to firm gas prices at the NBP as speculation over output and supply persists

- Dutch Year-Ahead contracts spike in line with front-end oil prices as commodity "super-peak" fears materialize

- Belgian gas prices firm through June to record highs

For more information visit http://www.researchandmarkets.com/research/37ac0c/monthly_price_brie

Source: Datamonitor

Source: Business Wire

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