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EDF Energy - Finance

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Price volatility<br />

Front year gas, power and carbon price<br />

£/MWh, p/th, €/tCO 2<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

Rolling front year clean spreads by trade date<br />

£/MWh<br />

40<br />

30<br />

20<br />

10<br />

0<br />

Jul-06 Jul-07 Jul-08 Jul-09 Jul-10<br />

Trade date<br />

0<br />

Rolling front year power, £/MWh<br />

Rolling front year gas, p/th<br />

Front year CO 2 , €/tCO 2<br />

Jul-06 Jul-07 Jul-08 Jul-09 Jul-10<br />

Trade date<br />

Rolling front year clean dark spread<br />

Rolling front year clean spark spread<br />

Source: Spectron

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