Bearish trends continue for gas as March sees wind generation records
In March, short-term gas prices continued reductions seen since the start of the year. Russia/Ukraine tensions saw the day-ahead contract rise 10% to 61p/th on 3 March. However, strong supply data, with storage capacity 55% full, offset these early gains. The contract dropped 4.7% over the month.
Catalyst Business Energy Market Brief April 2014