UK Gas Prices Slump Due to Low Demand and Strong Wind Power Output

In the gas industry, the September contract went down to 29.9 pence per therm, falling by 0.59 pence. Traders claimed that the day-ahead rise of 0.45 pence was due to a correction in the previous week’s low price levels. Additionally, Tuesday’s expected decline in wind power output was purported to raise demand for gas power.

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