Wednesday, July 18, 2007

U.K. Day-Ahead Electricity Price Declines as Cost of Natural Gas Falls

(Bloomberg) -- U.K. power declined on cheaper
natural gas, which fuels about 40 percent of Britain's
electricity generation.

U.K. baseload power for delivery a day ahead dropped 23
percent to 27.95 pounds ($57.30) a megawatt hour, according to
prices on Bloomberg from the broker GFI Group Inc. It earlier
traded as high as 28.85 pounds a megawatt hour.


Read more at Bloomberg Energy News

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