Escalating Russia/ Ukraine tensions and unexpected nuclear outages supported rises in power and gas prices in August, as contracts saw their first monthly increases this year.
Following on from the crash of flight MH17 over Eastern Ukraine in July, geo-political tensions have dominated market focus. Sanction announcements by Europe, Ukraine and Russia have heightened gas security of supply fears for the winter-ahead.
via Energy Market Reports | Catalyst Commercial Energy Brokers.
Catalyst Business Energy Market Brief September 2014
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