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Since gas provides the extra power needed when demand rises, the gas price sets the electricity price.
"A lower oil price sets the tone for the entire commodity market and drives commodity indices... lower, which creates a negative mood in the market," the Citi analysts said.
For financial assets, price sets the demand.UPDATE: Just ran across this great analogy from Dylan Grice, the strategist at Societe Generale, who compares economists debating policy options to people pressing the "close door" button in elevators - it doesn't do them any good but it makes them feel better.
Similar(57)
Mr Davies offered £3.5m, a price set by an independent valuer.
Dolours Price set out to join the Provisionals.
But their price setting takes place on different dates.
But the price set was barely above the Treasury's break-even price of about $28.73.
Price set about proving these theories, basing his deductions on the fundamental properties of gearing.
A sealed-bid sale was scheduled, with a minimum price set at $32 million.
Oil is a global commodity with a price set on the global market.
Yukos Unit Starting Price Set At $8.6B.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com