Gas demand drops with warm weather

Gas demand in the UK fell “sharply” this morning on the back of warmer temperatures. There’s been a 15% fall since yesterday which is “quite a big drop” according to Gary Hornby, Energy Market Analyst at Inenco. He told ELN: “The LDZ – which is residential demand – dropped, that’s probably people and small businesses […]

More Pembroke-style gas projects will put “pressure” on gas market

It looks increasingly likely the UK will see more projects like the new gas power station in Pembroke, say analysts, which could have a notable impact on the gas market. Yesterday npower officially opened its new efficient Combined Cycle Gas Turbine (CCGT) plant in Wales (pictured). Analysts suggest policies such as the carbon floor price […]

UK gas demand drops to six year low

UK gas demand has dropped to a six year low – but consumers aren’t feeling the benefit, according to analysts. Despite gas demand hitting 155Million cubic metres (McM) at the end of July, compared with last year’s summer average of 223McM, prices haven’t dropped at the same rate. Analyst Gary Hornby at energy consultancy Inenco […]