Theft of energy is a crime
Theft of Energy is any form of tampering with metering infrastructure and its connections. Any activity which directly leads to a meter not accurately recording how much Gas or Electricity is being consumed can be considered theft of energy. Energy theft can result in a fine or prison sentence.
If you suspect someone is stealing or tampering with your meter please report it to us immediately on 020 7870 4940 or support@brookgreensupply.com.
If you would prefer to remain anonymous you can also report it to Crimestoppers on 0800 023 2777 Further information on energy theft can be found at www.stayenergysafe.co.uk
Last week saw bullish moves in power and gas despite overall bearish fundamentals in weather and LNG supply. The key supporting factor for this move in power were the bullish moves in carbon contracts.
The beginning of last week saw Freeport LNG terminal seek permission to start injecting natural gas into its cooling pipes, signalling the imminent return to operational capacity, this saw front month gas markets shed value aggressively.
Last week saw the market begin to be laced with short term bullish sentiment as low wind generation and cold temperatures helped to support gas demand across Europe.
Last week saw the market dominated by bearish sentiment as wind generation and wild temperatures helped to reduce gas demand across Europe. Weather forecasts continue to the driving force for movements in markets.
Last week saw a major sell off particularly in front month contracts but also along the curve as a result of bearish weather fundamentals and plentiful supplies of LNG arriving on UK shores.
Last week saw the market begin very bullishly as a result of significant emerging weather fundamentals, namely: cold temperatures and low wind generation (20% below seasonal norms). This resulted in some highly volatile price action along the curve.