Monday, 11 June 2012

June 2012 - UK Energy Market

The fallout from the Greek elections renewed eurozone instability fears during May, forcing GB wholesale energy prices to drop and international energy markets to reach new lows.

Annual coal hit a 20-month low of $98.8/t on 24 May on continuing weaker demand from the Far East, while the same day month-ahead Brent crude oil slipped to a five-month low of $105.6/bl. Carbon also struggled to bounce back after recent record lows. These factors helped drag annual gas and electricity prices down.

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