Wednesday, 5 January 2011

UK Business Energy Prices Drop

Energy Prices Drop Despite The Cold Weather

Despite going through one of the coldest winters in history, UK energy
prices dropped. Strong gas supply from Norway, imported LNG and the restart
of a nuclear reactor helped bring household and business energy prices down.

UK Business Energy Prices Drop
Normally when temperatures drop gas prices go up. This winter temperatures
are several degrees below seasonal average which should have rocketed gas
prices. Energy prices are highly influenced by gas prices, so every time gas
prices go up energy prices soon follow.

"Everything has traded lower on gas," said an energy broker.

Back in December we reported that UK Business Gas Prices Drop despite
Forecasted Cold Spell, at the time a strong supply from Norway and
Netherlands plus strong imports of LNG forced gas traders to lower their
prices. Read More:

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