UK gas market under control

The authorities have today confirmed that while UK gas usage is expected to increase by 3.8% this year, the import of more liquefied natural gas should help to avoid the damaging supply issues which we saw last year. There is also a suggestion that more and more power stations are coming online and will be in a position to inject more supplies into the National Grid. So has the UK finally cracked the energy market?

The very fact that the UK energy market does appear to depend upon overseas supplies is something of a worry to the watchdog and the UK government. However, thankfully we seem to be seeing more forward thinking from the authorities with regards to the potential "winter snap" which should hopefully help avoid a spike in energy costs later in the year. However, while there is no doubt that progress has been made with plans for the future, the proof will be in the pudding and we await with trepidation the onset of the difficult winter period!

The UK energy sector has been under enormous pressure and attracted enormous criticism over the last couple of years and a repeat of last year's debacle will not go down well!