Monday, 13 February 2012

UK gas prices return to levels typical for season

UK spot gas prices on Monday morning returned to levels common during the winter heating season as milder weather pulled demand back closer to seasonal norms.        At 346.9 million cubic metres (mcm), Monday's gas demand was expected to be around 4.53 percent above the daily seasonal norm, according to data from National Grid.        Last week, cold weather pushed daily gas prices and demand to multi-year highs, but spot gas prices in Britain have come off more than 40 percent from their highs around 100 pence per therm last week.

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