UK – Gas shortage sends prices soaring to new record

UK natural gas prices hit a new record on Monday, as supply troubles forced National Grid to issue an alert asking industrial users to curb their usage.

The wholesale price of gas deliverable today quadrupled to as much as 255 pence a therm due to supply fears.

Gas supplies are tight at the moment because the country’s main storage facility is shut and the recent cold snap has seen domestic usage soar.

If they get worse, industrial users could see their supplies shut off.

BBC News