UK spot gas prices rise to highest level since April

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ritish day-ahead gas prices rose to their highest levels since April on Monday as a Norwegian production outage threatened to cut supplies to the UK at the same time as colder weather was expected to push up demand.

Gas prices for delivery on Tuesday were trading at 71.75 pence a therm at 0845 GMT on Monday, the highest level since April, when prices spiked as Britain almost ran out of gas reserves.

Monday’s price rises were a result of gas production problems in Norway, which is Britain’s main supplier.

via UK spot gas prices rise to highest level since April | Reuters.

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