LNG price slump, cheap wind energy competition drag North Sea gas prices down

British wholesale gas prices fell on Friday morning as forecasts of strong output from the country’s wind farms curbed gas demand from power stations.

The within-day contract was down 0.4 pence at 23 p/therm by 0851 GMT.

The day-ahead contract slipped by 0.45 pence to 22.8 p/therm.

Traders said that lower gas power...