Funky hedging is a way for states to ease gas woes - gfhay -
European wholesale gas prices surged to record highs in several contracts on Oct. 5, with gas for November delivery at the Dutch TTF hub, a European benchmark, trading at a record 120.80 euros per megawatt hour, up 26% from the previous day’s close. On Oct.
6 the contract rose another 21% to 143 euros per MWh.The price of power for next-day delivery in the UK market rose 44% to 260 pounds per MWh on Oct. 5. It traded at 270 pounds per MWh on Oct. 6.A gas flame burns on a stove in Xiaozhangwan village on the outskirts of Beijing, China, November 15, 2017.
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Funky hedging is a way for states to ease gas woesEuropean governments have a tremendous gas problem. Soaring prices of the fossil fuel have inflated the cost of electricity. UK power for delivery in November now exceeds 300 pounds per megawatt hour, an all-time high. There’s a near-term fix, but it requires politicians with a taste for market risk.
Read more »
Funky hedging is a way for states to ease gas woesEuropean governments have a tremendous gas problem. Soaring prices of the fossil fuel have inflated the cost of electricity. UK power for delivery in November now exceeds 300 pounds per megawatt hour, an all-time high. There’s a near-term fix, but it requires politicians with a taste for market risk.
Read more »
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