Gas price rises prompt urgent government talks

UK Government probes recent Gas price hikes

The abrupt drop in wind and solar power production throughout the UK has led to an increase in gas-produced electricity. Some wind farms produced zero electricity for over 12 hours. Other wind farms only produced 1.7% of their usual output. During these times no electricity was imported from France or other countries. During the same period, gas power producers were able to produce electricity at an increased rate. The need for back-up generation power may be temporary, but it costs money and increases carbon emissions.

The government is to hold urgent talks with representatives from the energy industry amid growing concern about a spike in wholesale gas prices.

Wind and solar power accounted for 29 percent of Britain’s electricity production last year, putting the country sixth on the global league table.

Natural gas prices are at record highs as economies around the world begin to recover from the Covid crisis.

The high prices have led to fertiliser plants in Teesside and in Cheshire to close, leading to a major drop in supplies of carbon dioxide gas – a by-product of fertiliser production – which is used across many industries.

High global demand, maintenance issues at some gas sites and lower solar and wind output are blamed for the rise.

Government sources have said there is no threat to UK gas supplies and the impacts on small energy companies that might be the most exposed are being monitored.

Gas price rises prompt urgent government talks

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