Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
Warning: Trying to access array offset on value of type bool in /var/web/site/public_html/wp-content/themes/fh-master/blocks/content-content.php on line 87
Warning: Attempt to read property "slug" on null in /var/web/site/public_html/wp-content/themes/fh-master/blocks/content-content.php on line 87
The UK gas spot price rose to a five-year high on Monday morning following unplanned outages in the North Sea left the market undersupplied.
Reuters reported the price went as high as 108p/therm after stormy weather shut down Norway’s Nyhamna gas plant and Shell’s Ormen Lange field, which primarily exports to Britain.
That outage exacerbated low supplies as storage levels have dropped over several cold weeks.
The spot power price also rose, to £62.25/Mwh, the highest in over a year.
Please login or Register to leave a comment.