npower has launched its latest energy market update, as part of its ongoing drive to help businesses and energy professionals to better understand the UK power market so that they can more effectively manage their price and volume risks.
Delivered from npower’s award winning Optimisation Desk by expert Magali Hodgson, npower’s fortnightly energy market update report details how even though the microeconomic outlook in the Eurozone remains uncertain leaving Brent volatile, the forecast of above average temperatures and high UK storage levels are giving a healthy outlook to the prompt market.
Magali Hodgson commented: “Forecast of above average temperature for the next couple of weeks and the UK’s gas and power system coping comfortably with the start of the winter, have removed some of the risk premium from the balance of the winter prices, giving a bearish sentiment to the prompt for the moment. It is also interesting to note that summer 2012 and Winter 2013 are now back to levels seen before the Japanese disaster indicating that there is maybe some upside to come as buyers come into the market.
“The question is when will the predicted cold temperature come, and will it be as cold as last winter’s?”
The npower energy market updates are filmed on a fortnightly basis by independent news agency, Energy Live News. They are delivered from npower’s Optimisation Desk, which is a unique service that provides businesses using flexible purchase energy contracts with access to information on the UK wholesale energy market and up to date advice on an individual basis.
More information and the updates can be found at www.npower.com/Large-Business/Energy-news/Market-update/index.htm. Those who would like to suggest a market update topic of interest or to discuss its content can contact Magali Hodgson at npower by emailing firstname.lastname@example.org.