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Oct. 6, 2021, 5:28 a.m. EDT

Natural gas prices surge as much as 37% to fresh highs in U.K.

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By Barbara Kollmeyer

Power prices were hitting fresh records across Europe and the U.K. [s:gwm400] on Wednesday. November Title Transfer Facility (TTF) natural gas futures in the Netherlands- the European benchmark - jumped 25% to 145 euros per megawatt hour (MWh). Earlier, that contract tapped a new high at 161 euros. U.K. November natural gas futures surged 28% to 378 pence a therm, but earlier hit a new high at 404 pence a therm.

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