Thus, the RES, by lowering equilibrium spot price
level, will squeeze peak load power plants out of the market due to their comparatively higher variable costs.
The average spot price
for American WTS crude oil amounted to $28.
Japan's Ministry of Economy Trade & Industry (METI) is involved in this, having recently begun issuing releases about the average spot prices
of LNG based on actual transactions made; and this has helped reduce spot prices
for supplies reaching Japan.
Figure 16 demonstrates that the market expects the UK NBP spot price
to remain relatively low, reflecting poor demand on the back of the eurozone crisis.
OUT OF THE MONEY (OTM) OPTION: An OTM call option is one where the strike price is more than the spot price
The intrinsic value of a put option is the maximum of zero and the difference between the strike price and spot price
, that is, Max ( 0, St- Sp).
11) The spot price
p of electricity evolves according to the diffusion process
The most important factor determining fuel prices in Europe is the Rotterdam spot price
commercial crude stock levels from January 1986 through December 2006 with the spot price
of WTI [West Texas Intermediate, an oil pricing benchmark], which trades on the New York Mercantile Exchange.
Nine daily spot price
series from the seven major diesel supply points in the mainland U.
The magazine says the spot price
for bottle-grade virgin PET increased 18 cents per pound to 95 cents following hurricanes Katrina and Rita, helping to boost the yearly average price for the material to 85 cents per pound in 2005 compared to 69 cents per pound in 2004.
During the same period, the spot price
of a barrel of oil has increased from around $25 to more than $60.