Wholesale gas prices have risen sharply, notably in the last year or so, due to contributing factors such as:
Higher residential demand on the back of colder than average temperatures.
Higher continental demand thus less imports through the interconnector.
North Sea gas fields are depleting and the UK is becoming a net importer of gas.
Force Majeur constraints such Storage outages, unplanned field outages and oil price repercussions which reduce supply into the market.
The imbalance of supply and demand highlights the volatility within wholesale gas prices at both "spot" and "forward priced" gas contracts. At WINGAS we are currently supplying several long term supply contracts, priced on standard indices such as the day ahead or month ahead price formulae. However we also supply more customised supply contracts, flexible on both pricing formulae and consumption swing which makes us a natural supplier for power generators and utilities.
Contact
Edward Stock Wholesale/Trader +44 (0)20 8439 9683
Please note
When speaking to our Trading team, all phone conversations are recorded. This is to ensure transaction security, confirmation and transparency.
