As a result of 10 years of government inaction, Britain is one of the most vulnerable countries in Europe to turbulence in gas supply. Germany has 99 days of gas storage capacity, France has 122 days, while Britain has just 15 days. As a result, British consumers pay the price because we are more exposed to volatile gas prices than our neighbours.That is a truly astonishing - and very worrying - statistic. I've heard of 'just in time delivery' for retail goods but energy supplies are rather different. Surely the energy regulators should have been making some sort of contingency?
Thursday, January 01, 2009
Britain Has Only 15 Days of Gas Supply
Greg Clark, the Shadow Energy Secretary, has just released a statement on the Russian decision to deny gas supplies to the Ukraine. Among other things, he said this...