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Britain needs to sober up from our addiction to gas

4 10 0
21.09.2021

This will be a winter where energy prices seldom stay out of the news. With the combination of cracks appearing in our creaking electricity system, record global gas prices, and the largest overnight benefits cut in history risk colliding in a way that piles yet more pressure on families already struggling.

In the short term, a swathe of outages across our nuclear fleet, reduced import capacity owing to a substation fire, and one of the least windy weeks for decades have put the GB energy market under immense strain. Add in the backdrop of gas prices that have increased by 70 per cent since just last month and it is easy to see why we’ve had record high electricity prices in the past week.

The timing couldn’t be worse. The raising of the price cap on the first of October will see around 15 million households facing higher costs overnight. In that same month the £20 per week uplift........

© City A.M.


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