UK gas prices to remain low despite weather
Spot and future UK gas prices will remain low over the next few months, despite the cold snap, after official government forecasts revealed its expectations for milder weather, say analysts.
"From a UK perspective, the price spikes we saw earlier in the year were due to temporary problems with importing from Norway, and potential disruption from Russia and the Ukraine combined with a cold snap," says David Hart, oil and gas analyst at Westhouse Securities. "However, the supply side of the equation is now functioning normally. On the demand side, we might have colder weather but it is not as extreme as before and certainly not enough to cause a spike in prices."
UK gas on the day
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