UK end-users face power and gas price volatility

Major energy end-users in the UK are being warned that as power and gas prices remain high over the third quarter this year, companies may face another prolonged period of price volatility and a hedging programme is needed more than ever to offset potentially major losses.

"There are a number of factors that we are telling customers to keep an eye on over the next few months," says Magali Hodgson, manager of the optimisation desk at npower in reference to the gas and power market prices. "Gas is