Increased volatility characterised the market throughout July, as oil and gas prices spiked following announcements of further sanctions on Russia. Despite this, gas and power contracts continued to fall, as the GB gas system remained well supplied. Further LNG deliveries, low demand and higher UK production helped gas storage reach record highs. Annual October 14 gas was down 3.7% over the month to average 55.2p/th.
Catalyst Business Energy Market Brief August 2014 | Catalyst Commercial Energy Brokers