the MARGIN FOR burning coal in the UK has edged slightly lower over the past fortnight, on the back on rising costs for both offsetting carbon and thermal deliveries into Europe, while the margin for burning gas edged into positive territory.In Germany, the margin for burning coal fell as power prices in the region eased slightly and failed to compensate for the rising price of delivered coal. Gas remained uncompetitive in Germany though, leaving coal ahead in the merit order despite its slight margin.In the UK, the average day-ahead power price for the week ending June 29 was ￡41.91/MWh (Marex Spectron-based), which is 3% higher than the level seen two weeks ago when it averaged ￡40.52/ MWh. UK gas prices have remained flat over the past fortnight, with the weekly average spot price (again Marex Spectron based) at 54.99 pence/therm (ppt) compared to 55.13 ppt (June 15).
展开▼
