Gas prices: how to ensure consumers don't pay for the next energy crisis

Matthew Hannon, Jonathan Clarke

Research output: Contribution to specialist publicationArticle

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Abstract

[Wholesale gas prices have increased by 250% in the UK since January, and 70% since August, causing some energy suppliers to collapse and factory production to falter.

The roots of the UK’s energy crisis are now well-documented. A cold winter depleted gas reserves and rebounding global economic activity in the spring and summer meant these weren’t replenished, while low winds in late August and September becalmed renewable power generation, prompting energy companies to increasingly burn expensive gas – which the UK has had significantly less space to store since 2017... ]
Original languageEnglish
No.29 September 2021
Specialist publicationThe Conversation
Publication statusPublished - 29 Sept 2021

Keywords

  • energy efficiency
  • natural gas
  • insulation
  • heating
  • boilers
  • heat pumps
  • energy crisis

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