British gas prices rose early on Monday due to forecasts for colder weather next week, while power prices climbed on tighter supply margins due to outages. Gas for Tuesday was 24.50 pence per therm by 0915 GMT, up 1.50 pence from day ahead contracts late on Friday.

Working days next week showed the largest rise, of 3.20 pence to 26 pence. “People are looking at the forecast next week. It looks a little bit colder. Demand is expected to pick up next week,” said a trader.

Gas for November added 1.45 pence to 34.30 pence, while December rose 1.10 pence to 39.00 pence. The price rises came despite the system being long early on Monday, with ample supply from Norway via the Langeled pipeline and LNG terminals, including Isle of Grains and Milford Haven.

Flows through the BBL pipeline between Britain and the Netherlands fell to zero early on Monday. A spokesman for the pipeline company said there was no technical issue and the low flows were due only to an absence of interest from shippers. Port authority data showed on Monday that the Al Gharrafa liquefied natural gas (LNG) tanker was scheduled to berth at Britain’s South Hook terminal on Oct. 16. 

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