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    Reuters: UK GAS-Colder weather, low supplies lift British prompt gas prices

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Summary

British prompt wholesale gas prices rose on an undersupplied system as consumption increased due to lower temperatures

by: Sruthi

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Press Notes

Reuters: UK GAS-Colder weather, low supplies lift British prompt gas prices

British prompt wholesale gas prices rose on Monday on an under supplied system as consumption increased due to lower temperatures.

Gas for delivery on Tuesday (day-ahead) rose by 3.95 pence or 8.25 percent to 52.80 pence per therm at 0918 GMT, while gas for immediate delivery (within-day) climbed by 4.50 pence or 9.57 percent to 51.50 pence per therm.

After unseasonably warm weather at the end of October, temperatures in Britain are expected to drop this week, triggering greater demand for energy for heating.

Meteorologists expect drier and cooler conditions in most of Britain from Tuesday with temperatures seen between 8 and 11 degrees Celsius.
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