The Cost of Gas Set to Soar (UK)

DOMESTIC gas bills are expected to soar this winter as the future cost of gas hits record highs. The price of gas for delivery in October is currently 66p a therm, a 75% premium on this point last year.

Dwindling production from traditional gas supplies and delays in the development of new sources has led to a drop in supply, forcing the price up.

Energy regulator Ofgem recently warned that North Sea gas supplies would drop by 20m cubic metres a day this winter, 5% of total demand.
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