Powered by

British gas price fires up to hit a 12-year high

Mar 01, 2018 - City A.M.

FREEZING temperatures in Britain continued to send the UK wholesale natural gas price flying yesterday, with gas for immediate delivery climbing to a 12-year high.

Within-day gas prices reached 194p per therm as the so-called "Beast from the East" whipped through the country carrying frigid winds from Siberia and pushing daily gas demand higher, according to Tom Marzec-Manser who heads up the European gas team at commodity price agency ICIS.

Before yesterday's spike, the average with...