May 23
1 min read
Gas Prices
The Economist reports that spot gas prices have fallen but that UK energy prices cannot because the energy companies have already agreed a price; this is known as a forward rate agreement.
Someone is making a shit load of money here because there is a secondary market consisting of options and CFDs. So either the Gas providers or the derivative market makers are making a lot of money beyond the excessive profits of the energy companies. The…
