Gas prices down as pound prospers on Scots’ vote
Gas prices slipped today as the pound prospered versus the euro, according to npower’s daily market report.
The British pound’s strength versus the EU currency came after Scotland voted to stick with the UK.
Ben Spry, Optimisation Desk Manager at npower said: “We’ve got the pound gaining a two year high against the euro after the Scottish vote.
“This is just helping to pressure gas prices and short term power prices a little bit lower this morning.”
Upped gas flows from Norway flushing into the UK reversed this week’s trend of a “short” gas system.
Mr Spry said the gas network is predicted to end the day with 19 million cubic meters (mcm) more than current needs.
On the oil front, Brent oil prices are about $97.48, “pressured by a healthy global supply picture” he added.
Article source: http://www.energylivenews.com/2014/09/19/gas-prices-down-as-pound-prospers-on-scottish-vote/
