Wholesale gas prices more than double as freeze drives demand

Concern over level of shipped supplies and plant outages as public usage spikes in cold snapWholesale gas prices in the UK more than doubled on Wednesday to their highest level in at least 10 years, as freezing temperatures across Britain drove a spike in demand and raised fears of a supply shortage.Within-day prices rose 108% to 160p per therm, after hitting am earlier peak of 190p per therm. Day ahead prices were up 6p at 95p. Continue reading...