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!
Share this..
Related stories
Know your consumer rights and save money
The vast majority of us will at some stage either have taken on the services of a substandard provider or acquired a product which was below the level of quality we expected. However, it seems as though the vast majority of the UK population would rather put these issues down to bad luck and learn a lesson for the future. Too many people do not make full use of their consumer rights and are effect...
Read MoreOrange and T-Mobile to raise Pay-Monthly Prices
Orange and T-Mobile will raise the prices of pay-monthly tariffs from April 2013, in a move which will affect an estimated 5.5 million existing customers. The average increase is expected to be 79p, or as a spokesperson for Everything Everywhere (EE), the company who owns Orange T-Mobile, put it, “about the cost of a can of baked beans”. New customers however will get the chance to avoi...
Read MoreThe great energy voucher trick
When will the government ever learn? We see them in the press suggesting that things are afoot to take the pressure of those in most need, but then silence.
The latest scheme to hit the skids is the much vaunted energy payment voucher which was supposed to see those at the bottom end of the income scale receive a £100 money off voucher against their energy costs. While this is on...
Is The UK Energy Program In Chaos
News that the takeover of British Energy by French outfit EDF has fallen by the way has not only led to disappointment amongst the vast number of shareholders but cast the UK energy program into chaos. While nuclear energy has courted much controversy it seems to be a path which has been chosen by the UK government, but who will fund the program now?
EDF had indicated a willingness...
Are consumers moving back to the high street?
Online spending in the UK retail arena fell to its lowest annual growth level last month with many suggesting that the short-term love affair with online spending may be coming to an end. However, is this really true or are there other issues which have come into play?
Unfortunately for those who are looking towards the UK high street to pull the UK economy out of the recession, the...