Reuters report shows Gas prices rising sharply in response to UK weather - should benefit CNA. Long may it snow.
"UK GAS-Day-ahead prices at highest since March 2015 * Consumption sharply up-analysts * Day-ahead at 57 p/therm, highest since March 26, 2015
LONDON, Jan 12 (Reuters) - British day-ahead prices reached their highest level since March 2015 on Thursday, as low temperatures for the next few days prompted more demand for heating. Gas for day-ahead delivery was up 1.80 pence at 57.00 pence per therm at 1120 GMT, its highest level since March 26, 2015. Gas for immediate delivery was 1.80 pence higher at 56.00 pence per therm and the weekend contract was 2.00 pence higher at 56.40 p/therm. Temperatures are forecast at a maximum of 7 degrees Celsius on Thursday in southeast England, with snow likely in the evening and falling to a minimum of -4 degrees Celsius overnight, the Met Office said. Temperatures are then seen at a maximum of 5 degrees on Friday and there could be slightly milder conditions at the weekend, it added. Demand was around 26 million cubic metres (mcm) above the seaonal norm, National Grid data showed."
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