| fin. |
gas-to-gas competition (In gas industries where there is a liquid wholesale gas market, such as in USA or UK, prices are mainly based on gas-to-gas competition, which is a situation where the gas price is defined by gas supply and demand instead of other fuel indexes). In these cases, monthly and daily prices (the short term) tend to be more volatile and more difficult to forecast than annual prices (the long term). The short-term price is driven by volatility in supply and demand, while annual prices are mainly driven by long-term trends in such supply and demand. 'More) |
