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’A UK power desurge
In the UK, it is a well know fact that power demand surges at the end of every episode of Eastenders, Britain’s best-loved TV show.
The reason that happens — for those unfamiliar with British custom — is because millions of people simultaneously rush to switch on their kettles to make a cup of tea.
China’s fake recovery
Renewed commodity demand and a rise in manufacturing activity in China are being heralded by many as justification for the global “green shoots” recovery argument.
Much of this sentiment was reinforced this week when Hong Kong brokerage CLSA reported a rise in its Chinese purchasing managers’ index.
Can the last one out please turn off the lights?
It’s an obvious correlation really, but here goes anyway. Waning industrial activity and general consumer malaise leads to reduced appetite and consumption of electricity.
Merrill Lynch has noted the link and suggest looking at global power generation for a good snapshot of the economy.
The big European energy freeze
Natural gas flows from Russia to Europe are down sharply on the back of the Russian Ukrainian pricing dispute.
Should we be concerned? For the time being, analysts say no. European nat gas and power prices yesterday staged a small rally,