It's being reported on BBC News today that wholesale gas prices have
doubled over the last couple of days.

UK companies have begun drawing down emergency reserves - usually saved
up for January and February.

Now, I imagine that utility companies pay for long range weather
forecast that the general public are not privy to. So, I would expect
these forecasts are pointing to a long "colder than average" spell this
winter, if they're deeming that they need to stock up on supplies now.

Ian

"Ian Waddell" wrote in message
oups.com...
It's being reported on BBC News today that wholesale gas prices have
doubled over the last couple of days.

UK companies have begun drawing down emergency reserves - usually saved
up for January and February.

Now, I imagine that utility companies pay for long range weather
forecast that the general public are not privy to. So, I would expect
these forecasts are pointing to a long "colder than average" spell this
winter, if they're deeming that they need to stock up on supplies now.

Ian


Here we go - The Sting

Lawrence Jenkins wrote:
"Ian Waddell" wrote in message
oups.com...

It's being reported on BBC News today that wholesale gas prices have
doubled over the last couple of days.

UK companies have begun drawing down emergency reserves - usually saved
up for January and February.

Now, I imagine that utility companies pay for long range weather
forecast that the general public are not privy to. So, I would expect
these forecasts are pointing to a long "colder than average" spell this
winter, if they're deeming that they need to stock up on supplies now.

Ian



Here we go - The Sting



We're all being conned big time. Rip-off Britain strikes again.

Don't beleive a word you are told.
--
Keith (Southend)
http://www.southendweather.net

"Keith (Southend)" wrote in message
...
Lawrence Jenkins wrote:
"Ian Waddell" wrote in message
oups.com...

It's being reported on BBC News today that wholesale gas prices have
doubled over the last couple of days.

UK companies have begun drawing down emergency reserves - usually saved
up for January and February.

Now, I imagine that utility companies pay for long range weather
forecast that the general public are not privy to. So, I would expect
these forecasts are pointing to a long "colder than average" spell this
winter, if they're deeming that they need to stock up on supplies now.

Ian



Here we go - The Sting

We're all being conned big time. Rip-off Britain strikes again.

Don't beleive a word you are told.
--
Keith (Southend)
http://www.southendweather.net


Keith I can understand excessive demand...but two days with a slight air
frost? Bloody hell why were'nt we told before that supplies are so fragile.
No this is nonsense an I have to say after recent warning by the metO seems
like a stage managed set up I'm not saying the the meto are involved -off
course not. but the subtle baiting of an area before the line is cast.

Remember that famous incident when the twin towers went down when Stephen
Byers advisor Jo Moore said this is a good day to bury bad news ?
Summats up but it ain't the weather.

"Lawrence Jenkins" wrote in message
...



Keith I can understand excessive demand...but two days with a slight air
frost? Bloody hell why were'nt we told before that supplies are so
fragile. No this is nonsense an I have to say after recent warning by the
metO seems like a stage managed set up I'm not saying the the meto are
involved -off course not. but the subtle baiting of an area before the
line is cast.

Remember that famous incident when the twin towers went down when Stephen
Byers advisor Jo Moore said this is a good day to bury bad news ?
Summats up but it ain't the weather.


Expect an announcement that nuclear is a definite starter again?

I understand where you're all coming from - but this is the wholesale
gas price increasing. The price is dictated in the same way as oil -
i.e. by the traders in London (and elsewhere) buying and selling
options on the exchanges.

Now, these people do get things wrong, but generally the movement of
these prices (driven by supply & demand) is due to the data they use in
making their decisions. That is, if wholesale gas prices don't
actually climb in the coming months, these traders lose a lot of money.
So, they must have reason to believe that the price will increase, to
buy this many options in a week and force the market prices up.

This could be due to a couple of things:

1. Data from the supplier stating they plan to increase prices this
winter (without any reference to demand for the stuff)
2. An expectation that consumer demand will soar (cold winter?) forcing
prices up

So, it could just be a scam to prepare us for bad news - or an
announcement of some kind energy policy, but for the
government/energy companies to somehow force prices up themselves, is
slightly too hard to believe.

Ian

"Ian Waddell" wrote in message
oups.com...
I understand where you're all coming from - but this is the wholesale
gas price increasing. The price is dictated in the same way as oil -
i.e. by the traders in London (and elsewhere) buying and selling
options on the exchanges.

Now, these people do get things wrong, but generally the movement of
these prices (driven by supply & demand) is due to the data they use in
making their decisions. That is, if wholesale gas prices don't
actually climb in the coming months, these traders lose a lot of money.
So, they must have reason to believe that the price will increase, to
buy this many options in a week and force the market prices up.

This could be due to a couple of things:

1. Data from the supplier stating they plan to increase prices this
winter (without any reference to demand for the stuff)
2. An expectation that consumer demand will soar (cold winter?) forcing
prices up

So, it could just be a scam to prepare us for bad news - or an
announcement of some kind energy policy, but for the
government/energy companies to somehow force prices up themselves, is
slightly too hard to believe.

Ian

Take your points Ian but number two says something to me.

In article .com,
Ian Waddell writes:
I understand where you're all coming from - but this is the wholesale
gas price increasing. The price is dictated in the same way as oil -
i.e. by the traders in London (and elsewhere) buying and selling
options on the exchanges.

Now, these people do get things wrong, but generally the movement of
these prices (driven by supply & demand) is due to the data they use in
making their decisions. That is, if wholesale gas prices don't
actually climb in the coming months, these traders lose a lot of money.
So, they must have reason to believe that the price will increase, to
buy this many options in a week and force the market prices up.

This could be due to a couple of things:

1. Data from the supplier stating they plan to increase prices this
winter (without any reference to demand for the stuff)
2. An expectation that consumer demand will soar (cold winter?) forcing
prices up

So, it could just be a scam to prepare us for bad news - or an
announcement of some kind energy policy, but for the
government/energy companies to somehow force prices up themselves, is
slightly too hard to believe.


In view of #2, could the Met Office's warning of the likelihood of the
coldest winter since 1995-6, and the subsequent exaggeration of that by
the media, be largely responsible? If so, it's rather unfortunate.
--
John Hall
"Sir, I have found you an argument;
but I am not obliged to find you an understanding."
Dr Samuel Johnson (1709-1784)

"Lawrence Jenkins" wrote in message
...

"Ian Waddell" wrote in message
oups.com...
It's being reported on BBC News today that wholesale gas prices have
doubled over the last couple of days.

UK companies have begun drawing down emergency reserves - usually saved
up for January and February.

Now, I imagine that utility companies pay for long range weather
forecast that the general public are not privy to. So, I would expect
these forecasts are pointing to a long "colder than average" spell this
winter, if they're deeming that they need to stock up on supplies now.

Ian


Here we go - The Sting


:-( exactly.

Well said Keith.
Any of you who believe they have have 'special info' , shame on you. You
can't go robbing people's pockets based on Long range weather forecasts.
More to the point it proves people will do 'anything' to get money.
The Media, once again, very irresponsable.

------------------------------------------------------------


We're all being conned big time. Rip-off Britain strikes again.

Don't beleive a word you are told.
--
Keith (Southend)
http://www.southendweather.net