UK gas prices continue to rise

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British wholesale natural gas prices were firmer on Wednesday 22 October on increasing demand, which was forecast to exceed supply, Reuters has reported.The price rises were down to an undersupplied system, it said. Britain’s gas demand was expected to be 202.7 million cubic metres mcm on Tuesday, broadly in line with the seasonal norm, but with supplies seen at just 193.2 mcm, the system was left around 10 mcm undersupplied, implying a need for higher imports or storage withdrawals.Today in London, the chief executives of influential businesses and charities came together to launch The Big Energy Vision, a new long-term campaign to empower UK households to take control of rising energy bills.The growing partnership committing to The Big Energy Vision included Kingfisher, John Lewis, the Home Retail Group, the National Trust, Citizens Advice, Calor, uSwitch, the Energy Saving Trust, TrustMark, Energy UK, the UK Green Building Council, Global Action Plan, Willmott Dixon, and Groundwork.

via UK gas prices continue to rise | News | Heating and Ventilation News.

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