The first brokered UK dark spread has been traded through UK-based brokerage Spectron. The trade, between Sempra and Scottish Power was a summer 2006 deal, representing 5,000 tonnes of coal (API#2) versus 15 MW of electricity. Spectron said to its knowledge, this was the first brokered dark spread in Europe.
Dark spreads represent the generating margin of coal-fired power stations and are calculated from the difference between power prices and coal prices, adjusted for fuel efficiency. "An ef
The week on Risk.net, December 2–8, 2017Receive this by email