Over the past three weeks we have seen a fall in the electricity and gas wholesale markets to levels not seen since the spring of 2007. 

The predicted heat-wave crunch did not happen and oil has fallen back from $70 per barrel. In addition, the UK now has a plentiful supply of stored gas and import flows are good while LNG imports are up.  As a result, we are now preparing to close tenders for contracts running up to April 2010 to take advantage of what is considered to be a short term low.

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