U.K. Gas Falls, Power Rises, Boosting Generating Plants' Operating Margins

(Bloomberg) -- U.K. natural gas for delivery a day
ahead declined after forecasts showed supply today may outstrip
demand. Next-day power rose on scarce supplies, boosting
operating margins at gas-fed plants.

Day-ahead gas for delivery at the National Balancing Point,
the U.K. trading hub, dropped 1.5 percent to 20.25 pence a therm,
according to prices on Bloomberg from ICAP Plc. That equals $4.04
a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News