busines gas

Gas and electricity prices held down by strong supplies

Gas demand was reduced throughout April due to higher temperatures than normal, which then fed through to prices. Day ahead contracts decreased 1% month on month to average 46.9p/th, month ahead contracts followed a similar pattern decreasing 3% averaging 45.6p/th. High LNG stocks are expected to be topped up throughout May, increasing the supply further.

The falls in day ahead and month ahead fed through to long term contracts with annual October 15 contracts decreasing 0.5% to average 47p/th.