Wednesday, 31 October 2018

Rising volatility in energy prices to weigh down on UK businesses

Centrica has started to run-down and close Rough gas storage Centrica has started to run-down and close Rough gas storage

Disruptions in gas supply and greater gas and electricity price volatility will have a critical negative impact on UK business in the next 10 years, a survey of the British Gas Security Group (GSG) finds. With 80% of Britain’s gas needs set to be imported in 2030, and in the face of the closure of Rough storage, the industry is vary about being overexposed to the volatility of international gas markets.

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