This month we take a look at the benefits of In-house Learning and Development, as well as the European Commissions antitrust case against E.oN and RWE.

In-House

Training Dates

Anti-trust

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Sponsors

High Oil Price

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 In-house energy Learning and Development courses meeting client needs at competitive prices 

Over the last few years MJMEnergy has seen a significant growth in the number of specifically tailored 'In-house' energy Learning and Development courses that it has provided. There are a number of reasons for this:

Firstly, MJMEnergy together with its highly experienced trainers has been able to specifically tailor training courses to meet the individual needs of the client.

Secondly, with training budgets often being the first to be cut ‘In-house’ Learning and Development can provide excellent value.

Three Examples of recent MJMEnergy In-house Learning and Development courses:

• International Energy Trader – Advanced energy trading and risk management
• Worldwide geological survey company – Physical and commercial aspects of gas storage.
• International Oil & Gas Company – Overview of the Network Code

If you require well delivered, highly focussed training for your staff at incredibly competitive prices then why not contact Nick White our learning and development manager on 01235 211161 or email him on Nick@MJMEnergy.com to discuss your requirements and even arrange a free personal visit.

All of our training courses can 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.

Training Dates

Here are a list of training dates for the next couple of months. Just click on the course title for more information or to book your place. These courses will be held at Templeton College in Oxford UK.

Breaking up German giants – E.ON and RWE agree to sell part of their transmission networks to settle antitrust claims 

With the introduction of our new longer format courses, and in particular the EU Gas Markets Liberalisation Course, we thought it would be relevant to talk about the interesting situation developing in Germany as RWE and E.ON and have announced plans to sell off parts of their transmission networks in order to settle the European Commission’s antitrust cases against them. Therefore Tim Madden and Nick White explore the issues surrounding the recent announcements. 

In March 2008 E.ON announced that it had agreed to sell its electricity grid, and some of its generating capacity, in return for the Commission dropping its claims against it. Although the company states that this is not an admission of guilt, it would appear that E.ON believes that this is its best option to prevent potentially very costly competition finds. Under EU legislation, E.ON could be fined up to 10% of its annual turnover if found guilty of competition abuses. On 1^st June 2008, RWE followed suit, announcing that it had agreed to sell some of its gas transmission assets in the hope of settling the Commission’s claims against it. The back-downs by two of the largest energy utilities in Europe represent a major success for the Commission in its battle to effectively liberalise energy markets in Europe.

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High oil prices are here to stay. The era of cheap oil is over. We will have to get used to paying a lot more for our energy supplies.

Oil – and other primary commodity – prices are being squeezed by two powerful fundamental market forces: strong demand and tight supply. On the demand side, China and India are transforming the structure of the global economy bringing 2.5bn aspiring consumers to market. On the supply side, political constraints and rising costs inhibit investment in new production and refinery capacity, helping to force oil prices up. Neither is likely to ease significantly in the next five to ten years.

Despite rising oil prices, demand continues to grow strongly in China and India fuelled by a combination of rapid economic growth and domestic price controls and subsidies. Last year, China’s economy expanded by 12pc and India’s by 9pc – and oil use grew by 5pc in China and 7pc in India. Together two countries accounted for half of world oil demand growth of just over 1mn b/d in 2007. As consumers in China and India are protected from rising oil market prices by domestic controls and subsidies there is little incentive for them to become more efficient. Oil is also widely used for electricity generation – especially small diesel generators used to avoid grid blackouts.

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The Energy Code Changes Service
The Subscription service that keeps you in touch with changes to the Uniform Network Code (UNC), The Balancing and Settlement Code (BSC) and the Connection and Use of System Code (CUSC)