High winds, persisting LNG glut keep North Sea region’s natural gas prices down

04.03.2021

British wholesale gas prices fell on Wednesday morning as forecasts showed an uptick in wind power generation.

The within-day contract was down 1.25 pence at 44.00 p/therm by 0907 GMT. The day-ahead contract was 1.45 pence lower at 43.75 p/therm.

"Wind output is set to go up a bit after low speeds...