First cold snap drives North Sea region’s natural gas prices up

19.11.2020

The British wholesale day-ahead gas price rose on Wednesday morning on expectations of lower temperatures and strong power plant demand.

The day-ahead contract was up 1.90 pence at 37.00 p/therm by 1024 GMT.

Traders said revisions to forecasts showed temperatures were likely to drop by more than previously expected, boosting demand for...