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UK Gas Prices Slump Due to Low Demand and Strong Wind Power Output - Market Mad House
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.