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An earlier version of this story incorrectly stated that UK stored gas reserves had fallen to six hours. After further briefings with National Grid, we understand the figure is actually seven days. The discrepancy resulted from a misunderstanding of how the supply data was presented. We apologise for the error
A steep increase in the number of gas-fired power stations has been approved by the government, raising fears about the growing pressure on future gas supplies.
This new "dash for gas", along with the huge investment in wind power launched by the government on Friday, reinforces concerns that Britain's infrastructure may become more vulnerable to extreme weather and supply disruption.
About 14,000 megawatts of new gas-fired generation have been approved, according to New Power, an industry journal.
Now the companies spearheading eight storage projects are accusing the Crown Estate of abusing its monopoly position - it owns the seabed up to 14 miles offshore. They say the already fragile viability of potential projects is being threatened by 'intrusive and excessive' rent demands.
After more than 18 months of negotiations there is frustration and anger among the energy companies, which claim they are being blocked as the Crown Estate uses its 'unregulated monopoly position to maximise revenues'.
There is also resentment at what they regard as the Crown Estate's 'arrogance'. One company official said: 'They told us, ''If you don't like our terms, why don't you develop onshore?''
Originally posted by thoughtsfull
UKs Dash for Gas
www.ft.com...
A steep increase in the number of gas-fired power stations has been approved by the government, raising fears about the growing pressure on future gas supplies.
This new "dash for gas", along with the huge investment in wind power launched by the government on Friday, reinforces concerns that Britain's infrastructure may become more vulnerable to extreme weather and supply disruption.
About 14,000 megawatts of new gas-fired generation have been approved, according to New Power, an industry journal.
So we are down to the last bit of our gas reserves and hoping nothing else happens so we can squeak through this mess and the Gov want to build more gas fired power stations... are the bl**dy mad?
I have the impression that the UK gov is going "wibble wibble" and in need of the men in white coats..
An earlier version of this story incorrectly stated that UK stored gas reserves had fallen to six hours. After further briefings with National Grid, we understand the figure is actually seven days. The discrepancy resulted from a misunderstanding of how the supply data was presented. We apologise for the error
Originally posted by Bunker or Bust
Source just changed the time frame from six hours to seven days. Still grim if you ask me! Did someone just get a government slap or is it really seven days? We will never know until it gets real cold at home..