The 2017
dark spread for a coal-fired plant of 38pc-efficiency ended last week at around 5.
Its pale blue paintwork, gilded and creamed with dust through this long dry summer, gleamed like a little patch of sky fallen down before the
dark spread of the orchards running north from the village into the garden of Kent, the very garden of England.
And despite the adage you either love or hate the
darK spread, the judges voted unanimously to send Nathan through.
The assembly of data gives a comprehensive representation of monthly average wholesale coal, carbon and spark and
dark spread prices in Europe's main energy markets, providing insight into wholesale energy price movements as well as wholesale market inter-temporal changes in Europe O http://marketpublishers.
CoalCo's ratings reflect a challenging business environment led by compressed
dark spreads, adversely shifting basis differentials due to coal-to-gas switching impact on power dispatch, and increase in railway transportation costs as current favorable contract expires in 2013.
Fitch believes that the proposed exchange and restructuring strengthens the project due to the strength of the counterparty, GECC, and the deferral of amortization during a period of projected tight
dark spreads and expected outages related to construction.
Without these, Units 1 & 2 would likely cease operations under the current low gas and
dark spreads environment.
Expected continuation of limited hedging ability at the Project due to low
dark spreads (the margin between electricity and coal prices) and low natural gas prices that make hedges uneconomic;
Negative pressure still exists on
dark spreads in the mid term.
Limited revenue hedging ability due to extremely low
dark spreads (the margin between electricity and coal prices) and low natural gas prices that make hedges uneconomic;
The lower Conectiv Energy earnings were primarily due to significantly lower generation output and reduced spark spreads and
dark spreads.
Fitch also notes that on the whole the near-term prospects for RRI's wholesale generating portfolio is generally weak as
dark spreads continue to compress and the demand picture for generation remains murky due to the recessionary economy.
