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From: "Stuart Baikie" <marketing@fidelity-group.co.uk>
To: <bob@sarahharvey.com>
Subject: Welcome to your new energy market update
Date: Thu, 5 Jun 2025 14:27:47 +0100
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Good morning,
As a valued customer, we’re pleased to introduce a new service to help you
save money by making smarter and more informed energy decisions for your
business.
We’ll be sending you regular updates of the latest developments in the UK
energy market, covering price trends, key drivers of price changes and
industry news.
You'll also receive our expert recommendations on whether it's a good time
to lock in your energy rates or wait. I hope you find this useful.
Please find below your latest business energy update, beginning with our
summary recommendation.
Summary: The energy market saw a well-supplied, low-demand environment,
especially for electricity, where record wind output and holiday-driven low
usage created a steep price drop. Gas prices were more stable but still
trended slightly down due to similar seasonal factors. No major geopolitical
or supply chain shocks occurred during the week.
Our recommendation: For contracts expiring in the next 12 months, we would
recommend reviewing the current rates to make sure you have the flexibility
to capitalise on lower rates, and to help you minimise exposure to sharp
increases near the end of the year.
What’s happening in the gas market?
Trend: Slight decrease. Day-ahead gas traded mostly between 82 and 88 pence
per therm, ending the week softer at around 79 p/th.
Main drivers:
* Mild weather reduced heating demand.
* Steady supply, including improving Norwegian flows after earlier
maintenance outages. European storage levels below average but not low
enough to drive panic buying.
* No major geopolitical shocks or disruptions during the week.
* Market sentiment was stable, keeping prices in a tight range.
What’s happening in the electricity market?
Trend: Sharp fall. Day-ahead electricity dropped from the £70s to
mid-£50s/MWh, the lowest weekly level since early 2023.
Main drivers:
* Very strong wind generation flooded the grid with cheap power.
* Exceptionally low demand due to the spring Bank Holiday and mild weather.
* No major outages or constraints; instead, excess supply drove prices down.
* Gas (which often sets power prices) also eased, lowering generation costs.
* Forward power prices remained relatively stable, suggesting the market
viewed this dip as temporary.
Full details of this week's energy report can be seen HERE
If you are looking to review your energy prices, please call us today and
speak to one of our experts. With access to a huge range of leading energy
suppliers we save our customers 20% on average!
<tel:08008406800> Just call 0800 840 6800
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line-height: 15pt;"><br></font></span></div><div><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: 15pt;">As a valued customer, =
we’re pleased to introduce a new service to help you save money by =
making smarter and more informed energy decisions for your business. =
</font></span></div><div><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;"><br></font></span></div><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;">We’ll be sending you regular updates of the =
latest developments in the UK energy market, covering price trends, key =
drivers of price changes and industry news. =
</font></span></div><div><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;"><br></font></span></div><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;">You'll also receive our expert recommendations on =
whether it's a good time to lock in your energy rates or wait.=20
I hope you find this useful. </font></span></div><div><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: =
15pt;"><br></font></span></div><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;">Please find below your latest business energy =
update, beginning with our summary recommendation.
</font></span></div></div>
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</div>
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15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
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;padding-top:7px;padding-bottom:7px;padding-right:20px;padding-left:20px"=
>
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"7px" componentpaddingleft=3D"20px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"7px" =
style=3D"line-height: 15pt;"><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;"><i><b>Summary</b>: The energy market saw a well-supplied, =
low-demand environment, especially for electricity, where record wind =
output and holiday-driven low usage created a steep price drop. Gas =
prices were more stable but still trended slightly down due to similar =
seasonal factors. No major geopolitical or supply chain shocks occurred =
during the week. </i></font></span><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;"><i><br></i></font></span></div><div><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: 15pt;"><i><b>Our =
recommendation</b>: For contracts expiring in the next 12 months, we =
would recommend reviewing the current rates to make sure you have the =
flexibility to capitalise on lower rates, and to help you minimise =
exposure to sharp increases near the end of the year.=20
</i></font></span></div></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749114053362" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
=09
<div class=3D"zpelement-wrapper divider" id=3D"elm_1749114053362" =
style=3D";word-wrap:break-word;overflow:hidden;background-color:;">
<table bgcolor border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt;font-size:5px; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;background-color:;" width=3D"100%">
<tbody><tr><td class=3D"txtsize" style=3D"border:0px;padding:18px =
7px 18px 7px;border-collapse:collapse;">
<div class=3D"divider" componentborder=3D"#cecece" =
style=3D"margin:0px;padding:0px;text-align:center;"><table =
align=3D"center" border=3D"0" border-color=3D"#cecece" cellpadding=3D"0" =
cellspacing=3D"0" class=3D"dvdrtbl" style=3D"border: 0px; font-size: =
0px; width: 94%; margin: auto; border-collapse: initial;" width=3D"94%"> =
<tbody><tr><td align=3D"center" height=3D"0" style=3D"border-top: 2px =
solid rgb(206, 206, 206); border-bottom: none rgb(206, 206, 206); =
border-left: none rgb(206, 206, 206); border-right: none rgb(206, 206, =
206); font-size: 0px; margin: 0px; padding: 0px; width: 100%;" =
width=3D"100%"> </td> </tr></tbody></table></div>
</td></tr></tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749113762791" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<div class=3D"zpelement-wrapper" id=3D"elm_1749113762791" =
style=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;backgrou=
nd-color:;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
op:0px none ; border-bottom:0px none =
;padding-top:10px;padding-bottom:1px;padding-right:20px;padding-left:20px=
">
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"1px" componentpaddingleft=3D"20px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"10px" =
style=3D"line-height: 15pt;"><span style=3D"line-height: 15pt;"><b><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">What’s happening in the gas =
market? </font></b></span><div><font face=3D"Arial, =
Helvetica"><span style=3D"font-size: =
14.6667px;"><b><br></b></span></font><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;"><b>Trend</b>: Slight decrease. Day-ahead gas traded =
mostly between 82 and 88 pence per therm, ending the week softer at =
around 79 p/th. </font></span></div><div><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: =
15pt;"><br></font></span></div><div><span style=3D"line-height: =
15pt;"><b><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;">Main drivers:</font></b></span></div></div></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749113792010" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<div class=3D"zpelement-wrapper" id=3D"elm_1749113792010" =
style=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;backgrou=
nd-color:;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
op:0px none ; border-bottom:0px none =
;padding-top:1px;padding-bottom:1px;padding-right:20px;padding-left:1px">=
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"1px" componentpaddingleft=3D"1px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"1px" =
style=3D"line-height: 15pt;"><ul style=3D"line-height: 15pt;"><li =
style=3D"color: rgb(0, 0, 0); font-size: 11pt; line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">Mild weather reduced heating demand. </font><li =
style=3D"color: rgb(0, 0, 0); font-size: 11pt; line-height: 15pt;"><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: 15pt;">Steady supply, including =
improving Norwegian flows after earlier maintenance outages. European =
storage levels below average but not low enough to drive panic =
buying. </font></span><li style=3D"color: rgb(0, 0, 0); font-size: =
11pt; line-height: 15pt;"><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">No major geopolitical shocks or disruptions during the =
week. </font></span><li style=3D"color: rgb(0, 0, 0); font-size: =
11pt; line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: 15pt;">Market sentiment was =
stable, keeping prices in a tight range.</font></ul></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749113855279" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<div class=3D"zpelement-wrapper" id=3D"elm_1749113855279" =
style=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;backgrou=
nd-color:;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
op:0px none ; border-bottom:0px none =
;padding-top:10px;padding-bottom:1px;padding-right:20px;padding-left:20px=
">
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"1px" componentpaddingleft=3D"20px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"10px" =
style=3D"line-height: 15pt;"><span style=3D"line-height: 15pt;"><b><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">What’s happening in the electricity =
market? </font></b></span><div><font face=3D"Arial, =
Helvetica"><span style=3D"font-size: =
14.6667px;"><b><br></b></span></font><div><span style=3D"line-height: =
15pt;"><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;"><b>Trend</b>: Sharp fall. Day-ahead electricity =
dropped from the £70s to mid-£50s/MWh, the lowest weekly =
level since early 2023. </font></span></div><div><span =
style=3D"line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: =
15pt;"><br></font></span></div><div><span style=3D"line-height: =
15pt;"><b><font face=3D"Arial, Helvetica" style=3D"font-size: 11pt; =
line-height: 15pt;">Main drivers: </font></b></span></div></div></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749113890718" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<div class=3D"zpelement-wrapper" id=3D"elm_1749113890718" =
style=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;backgrou=
nd-color:;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
op:0px none ; border-bottom:0px none =
;padding-top:1px;padding-bottom:1px;padding-right:20px;padding-left:1px">=
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"1px" componentpaddingleft=3D"1px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"1px" =
style=3D"line-height: 15pt;"><ul style=3D"line-height: 15pt;"><li =
style=3D"color: rgb(0, 0, 0); font-size: 11pt; line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">Very strong wind generation flooded the grid with cheap =
power. </font><li style=3D"color: rgb(0, 0, 0); font-size: 11pt; =
line-height: 15pt;"><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">Exceptionally low demand due to the spring Bank Holiday and mild =
weather. </font></span><li style=3D"color: rgb(0, 0, 0); font-size: =
11pt; line-height: 15pt;"><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">No major outages or constraints; instead, excess supply drove =
prices down. </font></span><li style=3D"color: rgb(0, 0, 0); =
font-size: 11pt; line-height: 15pt;"><font face=3D"Arial, Helvetica" =
style=3D"font-size: 11pt; line-height: 15pt;">Gas (which often sets =
power prices) also eased, lowering generation costs. </font><li =
style=3D"color: rgb(0, 0, 0); font-size: 11pt; line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">Forward power prices remained relatively stable, suggesting the =
market viewed this dip as temporary.</font></ul><div><font =
face=3D"Arial, Helvetica"><span style=3D"font-size: =
14.6667px;"><br></span></font></div><div align=3D"center" =
style=3D"text-align: center;"><font face=3D"Arial, Helvetica"><span =
style=3D"font-size: 14.6667px;">Full details of this week's energy =
report can be seen HERE</span></font></div></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1749113919147" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
=09
<div class=3D"zpelement-wrapper divider" id=3D"elm_1749113919147" =
style=3D";word-wrap:break-word;overflow:hidden;background-color:;">
<table bgcolor border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt;font-size:5px; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;background-color:;" width=3D"100%">
<tbody><tr><td class=3D"txtsize" style=3D"border:0px;padding:10px =
7px 18px 7px;border-collapse:collapse;">
<div class=3D"divider" componentborder=3D"#cecece" =
style=3D"margin:0px;padding:0px;text-align:center;"><table =
align=3D"center" border=3D"0" border-color=3D"#cecece" cellpadding=3D"0" =
cellspacing=3D"0" class=3D"dvdrtbl" style=3D"border: 0px; font-size: =
0px; width: 50%; margin: auto; border-collapse: initial;" width=3D"50%"> =
<tbody><tr><td align=3D"center" height=3D"0" style=3D"border-top: 2px =
solid rgb(206, 206, 206); border-bottom: none rgb(206, 206, 206); =
border-left: none rgb(206, 206, 206); border-right: none rgb(206, 206, =
206); font-size: 0px; margin: 0px; padding: 0px; width: 100%;" =
width=3D"100%"> </td> </tr></tbody></table></div>
</td></tr></tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1740584983203" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<div class=3D"zpelement-wrapper" id=3D"elm_1740584983203" =
style=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;backgrou=
nd-color:;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
class=3D"zpAlignPos" =
style=3D"padding:0px;border:0px;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: =
100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:15pt;border-t=
op:0px none ; border-bottom:0px none =
;padding-top:5px;padding-bottom:1px;padding-right:20px;padding-left:20px"=
>
<div componentlineheight=3D"15pt" =
componentpaddingbottom=3D"1px" componentpaddingleft=3D"20px" =
componentpaddingright=3D"20px" componentpaddingtop=3D"5px" =
style=3D"line-height: 15pt;"><span style=3D"line-height: 15pt;"><font =
face=3D"Arial, Helvetica" style=3D"font-size: 11pt; line-height: =
15pt;">If you are looking to review your energy prices, please call us =
today and speak to one of our experts. With access to a huge range of =
leading energy suppliers <b>we save our customers 20% on =
average!</b></font></span></div>
</td></tr>
</tbody></table>
</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1514380596791" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
=09
=20
=20
=20
<table bgcolor=3D"transparent" cellpadding=3D"0" cellspacing=3D"0" =
style=3D"border:0px;border-collapse:collapse; mso-table-lspace:0pt; =
mso-table-rspace:0pt;border:none;" width=3D"100%">
<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px 15px;border-top:none none =
none;border-bottom:none none =
none;padding-top:20px;padding-bottom:20px;padding-right:20px;padding-left=
:20px;">
<div class=3D"zpelement-wrapper buttonElem" =
id=3D"elm_1514380596791" =
style=3D"overflow:hidden;word-wrap:break-word;">
<div class=3D"zpAlignPos" style=3D"text-align:center;">
<table align=3D"center" cellpadding=3D"0" =
cellspacing=3D"0" style=3D"border:none;padding:0px;border:0px;margin:0px =
auto;border-collapse:separate; mso-table-lspace:0pt; =
mso-table-rspace:0pt;">
<tbody><tr>
<td align=3D"center" class=3D"txtsize" =
style=3D"border:0px;padding:0px;color:#ffffff;font-family:Arial, =
Helvetica;font-weight:bold;text-align:center;border-radius:6px;text-align=
:center;cursor:pointer;">
<!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" =
xmlns:w=3D"urn:schemas-microsoft-com:office:office" =
href=3D"tel:08008406800" =
style=3D"border-radius:6px;height:36px;v-text-anchor:middle;width:250px;"=
arcsize=3D"6%" strokecolor=3D"#ffffff" strokeweight =3D"0px" =
fillcolor=3D"#d12137">
<v:stroke dashstyle=3D"solid" />
<w:anchorlock/>
<center =
style=3D"direction:ltr;color:#ffffff;font-family:Arial, =
Helvetica;font-size:11pt;font-weight:bold;">Just call 0800 840 =
6800</center>
</v:roundrect>
<![endif]-->
<a align=3D"center" href=3D"tel:08008406800" =
style=3D"padding:0px =
0px;background-color:#d12137;width:250px;height:36px;font-size:11pt;direc=
tion:ltr;font-family:Arial, =
Helvetica;color:#ffffff;cursor:pointer;text-decoration:none;border-radius=
:6px;border:0px solid =
#ffffff;border-collapse:separate;display:table;mso-hide:all;text-align:ce=
nter;" target=3D"_blank" zcurl_name=3D"l_2">
<font =
style=3D"color:#ffffff;display:table-cell;vertical-align:middle;">
Just call 0800 840 6800
</font>
</a>
</td>
</tr>
</tbody></table>
</div>
</div>
</td></tr></tbody></table>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1737993471505" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<table bgcolor=3D"#f0f0f0" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" =
style=3D"border:0px;padding:0px;width:100%;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;background-color:#f0f0f0;">
<tbody><tr>
<td class=3D"txtsize" style=3D"border:0px;padding:0px =
0px;border-top:none none none ;border-bottom:none none none">
<div class=3D"zpelement-wrapper image" coupcmp =
id=3D"elm_1737993471505" prodcmp =
style=3D";word-wrap:break-word;overflow:hidden;padding:0px;background-col=
or:#f0f0f0;">
<div>
<table align=3D"left" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" class=3D"zpAlignPos" =
style=3D"text-align:left;padding:0px;border:0px;border-collapse:collapse;=
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;width:100%;text-align:left;">
<tbody><tr><td class=3D"bannerimgpad" =
style=3D"border:0px;padding:0px;text-align:center;padding-top:0px;padding=
-bottom:0px;padding-right:0px;padding-left:0px">
<img align=3D"left" =
alt=3D"https://stratus.campaign-image.eu/images/232114000000038171_zc_v1_=
1737994809315_artboard_2.png" class=3D"zpImage" height=3D"auto" =
hspace=3D"0" size=3D"B" =
src=3D"https://stratus.campaign-image.eu/images/232114000001840511_2_1749=
112980733_2.png" style=3D"width:600px;height:autopx;max-width:600px =
!important;border:0px;text-align:left;" vspace=3D"0" width=3D"600">
</td></tr>
</tbody></table>
</div>
</div>
</td></tr></tbody></table>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1737993506327" =
style=3D"border:0px;padding:0px 0px;border-collapse:collapse;" =
valign=3D"top">
<table bgcolor=3D"#f0f0f0" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" =
style=3D"border:0px;padding:0px;width:100%;border-collapse:collapse; =
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;background-color:#f0f0f0;">
<tbody><tr>
<td class=3D"txtsize" style=3D"border:0px;padding:0px =
0px;border-top:none none none ;border-bottom:none none none">
<div class=3D"zpelement-wrapper image" coupcmp =
id=3D"elm_1737993506327" prodcmp =
style=3D";word-wrap:break-word;overflow:hidden;padding:0px;background-col=
or:#f0f0f0;">
<div>
<table align=3D"center" border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" class=3D"zpAlignPos" =
style=3D"text-align:left;padding:0px;border:0px;border-collapse:collapse;=
mso-table-lspace:0pt; =
mso-table-rspace:0pt;word-break:break-word;width:100%;text-align:center;"=
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<tbody><tr><td class=3D"paddingcomp" =
style=3D"border:0px;padding:7px =
15px;text-align:center;padding-top:10px;padding-bottom:5px;padding-right:=
20px;padding-left:20px">
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<tr><td class=3D"txtsize" id=3D"elm_1593407394601" =
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100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09
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