LONDON: British wholesale gas prices rose on Monday morning due to higher consumption. The within-day gas price rose by 1.75 pence to 49.75 pence per therm at 0948 GMT.
Day-ahead gas was up 0.50 pence at 49.80 p/therm and December gas was up 1.15 p at 52.15 p/therm.
"Consumption is up due to colder weather," a UK gas trader said.
Temperatures are forecast to be a few degrees lower than last week as more wintry weather sets in.
UK Met Office forecasts show a day-time range of 9-13 degrees Celsius this week in southern England.
Despite higher demand for heating, the gas system is around 8 million cubic metres (mcm) oversupplied, with flows forecast at 283 mcm/day and demand at around 271 mcm, National Grid data shows.
There are healthy supplies from UK domestic production and Norway.
In the Dutch gas market, the day-ahead gas price at the TTF hub was 0.30 euro higher at 18.60 euros per megawatt hour.
The benchmark Dec-17 EU carbon contract inched up by 0.03 euro to 7.91 euros a tonne. * Thomson
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