UK gas supplies dangerously low
It has been revealed that the UK has the equivalent of just eight days worth of gas usage left in storage, as a back up against potential problems with traditional gas supplies. While there is no chance that the UK will run out of gas it is the fact that even backup plans appear to be struggling which has caught the attention of the Conservative party.
Yesterday we saw the UK government advising large gas users in the business sector to be as efficient as possible and reduce their gas usage as much as they can in the short term. Again, there is no chance of gas supplies to the business arena running out but it does call into question the UK government's policy towards gas supply and other utilities.
When you look back at the history of the UK utility market it is not difficult to spot why the UK market is under pressure at the moment. The vast majority of UK utility companies are now owned by foreign parent companies which are perhaps not as "loyal" to the UK market as a UK owner would be. Whether this is a true reflection of what is going on within the marketplace is an interesting point of discussion.
Share this..
Related stories
Does the price of petrol fully reflect the price of oil?
Over the last few months it has become apparent that the average price of a litre of petrol in the UK has stagnated somewhat despite the fact that the wholesale cost of petrol has fallen by around two pence a litre. This comes at a time when UK motorists are being hit from all angles with increased road tax, insurance premiums and now a seemingly ever upward spiral in the price of petrol. The UK g...
Read MoreUK gas supply back in the headlines
Despite the fact that UK gas supplies have been in the headlines for some days it looks as though this week will see the barrage of criticism targeted at the UK government continue. Many people are now looking to the future with regards to UK gas supplies, with only eight days backup storage available in the UK, and many are highlighting the fact that government has given the go-ahead for a large...
Read MoreIs International Power on the shopping list of GDF Suez
French utility giant GDF Suez is said to be in talks with leading UK power provider International Power in what could turn out to be a very difficult situation for the UK government. While no formal bid has been forthcoming as yet it is believed that the French authorities, who hold a 35% stake in the giant French utility company, have given the go-ahead for a bid for International Power. But how...
Read MoreTackle your financial problems now!
As we have covered in some detail over the last few days, bankruptcies and insolvencies in the UK have increased dramatically over the last 12 months and more bad news is likely in the short to medium term. While there are many in the UK who have literally fallen so far that bankruptcy and other debt repayment arrangements are necessary, it is becoming more and more apparent that some people are i...
Read MoreIs the UK set for a new onslaught of wind farms?
Ambitious plans to introduce up to 6,000 wind turbines to the UK are under consideration by the UK government in a move which would see £75 billion invested in the industry and the creation of 70,000 jobs in the UK by 2020. However, it is believed that the vast majority of the 6,000 wind turbines required would be manufactured overseas with very little input from the UK in this particular area of...
Read More