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That level is more than double last January's average price of 28.8 pence per therm .
It had to suspend production for a week in February when spot prices for UK natural gas reached £1.16 a therm .
The dash for gas looked like a smart idea when it cost less than 20p a therm and developers were falling over themselves to build the next generation of low-cost stations.
The wholesale price of gas in Britain has gone from 11p per therm in 1999 to 44p per therm in 2005.
At present, natural gas can cost anywhere between 18p and 25p a therm for industrial users while their contract terms are based on 12p a therm for a period of 10 years.
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