Prices drop due to healthy gas supplies

04.02.2019

Last week temperatures remained below their seasonal norms, creating a significant demand for gas. Fortunately, the continued healthy gas storage levels and arrivals of three Liquid Natural Gas tankers in the UK helped to alleviate the pressure and soften demand, bringing prices down. Electricity prices moved in line with gas falling steeply, even though poor wind generation meant that a reliance on gas powered turbines was needed for support.