UK natural gas prices hit a new record on Monday, as supply troubles
forced National Grid to issue an alert asking industrial users to curb
their usage.
The wholesale price of gas deliverable today quadrupled to as much as 255 pence a therm due to supply fears.
Gas supplies are tight at the moment because the country's main storage
facility is shut and the recent cold snap has seen domestic usage soar.
If they get worse, industrial users could see their supplies shut off.
National Grid manages the UK gas pipeline network, and issued the "gas balancing alert" for the first time on Monday morning.
The warning is set to trigger if forecast demand for gas rises above 380 million cubic meters on a particular day.
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Complete article BBC
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