UK Winter Outlook Issue

July 2007

	mWELCOME
	mSTORY
	mTRAIN
	mPRICES
	mPHASIS!
	mPATHY

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UK Winter Outlook Overview

Energy supply during winter has been a crucial issue in recent years, particularly in the gas market where a tight supply/demand match drove high prices during the Winter of 2005/6 and leading up to Winter 2006/7. Following the arrival of major oversupply, and mild weather during Winter 2006/7 gas prices crashed. This article provides a summary of National Grid’s latest Winter Outlook report, forecasting gas and electricity supply and demand for the coming Winter. In electricity the minimum forecast operating margin looks healthy at around 23%. In gas the match also looks good, but there is significant uncertainty due to the impact of gas prices on LNG and pipeline imports to the UK.
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mWELCOME

Hello and welcome to the July issue of MZINE, our free monthly e-newsletter.  

This month we are taking a look at the UK Winter Outlook see MSTORY. MPRICES  looks at the Gas and Power Forward Curve, whilst at MPHASIS Derek has foreseen a future shareholders meeting!  Don't forget to check out our thought of the month at MPATHY.

*SPECIAL NOTICE*

If you are looking for an energy map, or a report on energy issues, why not visit our new look publication website at http://www.energypublishing.com.

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Our public course dates for 2007 have now been published and can be seen at http://www.energytrainingnetwork.com/public_courses.htm  The next few months can be found at MTRAIN.

Please feel free to contact me about this newsletter and let me have your thoughts, what you like and don't like, I am open to your suggestions.

And if you have enjoyed reading this newsletter and think you know someone who might also enjoy it then feel free to forward it on.

Kind regards.

Paul Cassar
Editor

mTRAIN

All of our training courses can now earn, participating solicitors, CPD points from the law society. Attendance at any of our events may also contribute to meeting accountancy CPD requirements under the terms of the ICAEW’s CPD policy. Please visit www.icaew.co.uk/cpd for the ICAEW's CPD policy details.

Over the next few months the following one-day events are being held in Oxford or London, UK. For an at a glance view of our 2007 public training dates please visit:
http://www.energytrainingnetwork.com/2007_pcg.htm

More information about these courses can be found by clicking on the course title or visiting energytrainingnetwork.com and clicking on public courses. Alternatively you can contact me by email or phone +44 (0) 1235 553917, fax +44 (0) 1235 553917.

Any of our public courses can be held at your location, for your company, or they can be tailor made to your requirements. If you want to find out more contact our Training Manager Nick White  +44(0) 1235 211161 and get ahead of the rest.

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mPRICES
Forward Curves

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mPHASIS!
for the lighter side of life!

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mPATHY
thought of the month

If it ain't broke, don't fix it.

Bert Lance 1931 -

MJMENERGY LTD have provided all the information in this newsletter free of charge to anyone who wishes to read it. We cannot be held responsible for any inaccuracies although all information is believed to be correct at time of publication. Whilst articles published in this newsletter often carry a particular  point of view, publication of them does not imply that we necessarily agree with them. Anyone wishing to contact the editorial team with regards to any of the above articles should email: editor@mjmenergy.com, or phone +44 (0) 1235 553917

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