Monday, 6 December 2010

Energy Market Brief December 2010:

Short Term Risk Drivers

Well the big news and main driver of prices for last month has been the
weather, and so far the system has coped well with the increased demand.
However any prolonged spells of cold weather will impact on storage levels
and could leave us with potential shortfalls. So any expected deliveries of LNG will be greatly received and could
contribute considerably to keeping supply margins in place. Prices have
steadily risen throughout the last month and as we write this report gas
demand is approaching all time highs as the wintery weather continues to
cause distribution. Any serious system issues could have wider implications
for our continued supply demand and with this uncertainty hanging over the

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