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Discover Latest #Spot market News, Articles and Videos with Contenting
1. The Wall Street Journal: "What Is a Spot Market?" 2. Investopedia: "Spot Market Definition" 3. CNBC: "Spot Market: What It Is and How It Works" 4. Investopedia: "Spot Market Trading: What You Need to Know" 5. Investopedia: "Spot Market vs. Futures Market: What's the Difference?" 6. Bloomberg: "Spot Market Primer: How Prices Get Set for Crude Oil" 7. Investopedia: "Spot Market vs. Forward Market: What's the Difference?" 8. Reuters: "Spot Market Investing: A Primer on Spot Market Basics" 9. Investor.gov: "Spot Market Investing: A Primer" 10. FXCM: "Spot Market Trading Basics"
Spot market prices rise in March on lower supply, higher demand - BusinessWorld Online
THE AVERAGE price of electricity at the Wholesale Electricity Spot Market (WESM) increased in March, as demand rose while supply decreased due to forced outages, the Independent Electricity Market Operator of the Philippines (IEMOP) said. Data from IEMOP showed that the WESM price increased by 95.5% to P5.34 per kilowatt-hour (kWh) in March, from P2.73 […]
Meralco: Batangas plant delay not linked to WESM price surge - BusinessWorld Online
Manila Electric Co. (Meralco) said the delay in the full delivery of the Batangas natural gas plant under its power supply agreement (PSA) with Energy Excellence Resources, Inc (EERI) has nothing to do with the high prices in the Wholesale Electricity Spot Market (WESM). “The obvious and main cause for high WESM prices is the […]
ACEN posts P1.95-billion income for first quarter - BusinessWorld Online
ACEN Corp. saw a 28.3% drop in its first-quarter (Q1) attributable net income to P1.95 billion, mainly due to weaker power generation and lower spot market prices, the Ayala-led energy company said on Thursday. “ACEN’s first-quarter results reflect some of the challenges of scaling renewables. The company is strengthening its balance sheet with the planned […]
TTF Prices Rise for 3rd Session - ForexTV
European natural gas futures have surged past €33 per megawatt-hour, continuing their upward trajectory for the third consecutive session. This increase is attributed to a rise in global LNG demand coupled with supply constraints caused by seasonal maintenance activities. Chinese importers have re-entered the spot market following a period of subdued activity, heightening concerns about increased competition for LNG shipments. Previously, lower prices had facilitated Europe's efforts to rebuild its gas inventories, but current stock levels still linger below the average of the past five years. Now, heightened demand from Asia and decreased Norwegian pipeline flows, compounded by some unexpected outages, may decelerate the pace of inventory replenishment. In parallel, the European Union is gearing up to propose a ban on gas imports via new contracts with Russia, which includes spot market agreements, as part of its strategy to eliminate Russian energy dependency by 2027. Additionally, positive trade signals between the US and China have contributed to a more optimistic market sentiment.The material has been provided by InstaForex Company - www.instaforex.com
Meralco to tap more WESM power following delays in CSP approval - BusinessWorld Online
POWER distributor Manila Electric Co. (Meralco) expects to resort to the Wholesale Electricity Spot Market (WESM) due to delays in obtaining approval to seal some power contracts via competitive selection. “We can confirm that the DoE (Department of Energy) has not yet issued any certificate of compliance for any CSP (competitive selection process) scheduled for […]