Rising gas prices have plunged the UK into a power crisis, raising fears of vulnerable families and rising energy companies.
In the 1990s, the UK developed a “gas dash”. In recent years, it has relied on fossil fuels to reduce its pollution. That makes the UK highly dependent on gas for energy, 86 per cent of homes use it for heating and more than a third of electricity supplies come from gas power plants.
The main reason for the current crisis is the shortage of gas supply, which is partly due to the disruption of production and demand in Asia and elsewhere. It is also far less likely to leave the UK-France powerline offline due to low wind production and last week’s fire. Prices and carbon emissions have risen, and old coal and moth gas stations are being re-ignited. Wholesale gas prices have risen by 176 percent since the beginning of the year.
The UK government is reportedly considering lending to energy companies that are struggling to cope with high prices.
It did not have to be this way. Such energy crises are a cycle of fluctuations in fossil fuels that are subject to global and geopolitical conditions that cannot be controlled by any country. Countries that prioritize domestic carbon emissions are particularly vulnerable to such shocks.
The UK should know that the last crisis was only in 2018, when the situation was not as bad as it is today, but because wholesale gas prices were rising and many power supplies were falling apart, the public was left to fend for itself.
Gas prices will be the main problem this summer, but the wrong solutions are ahead. Today Daily Telegraph He proposed fractioning to increase domestic gas production. But companies have been unable to supply shell gas under UK law for years. Elsewhere, some blame energy value capital. They are demanding a tax deduction from electricity bills that support other renewables, which people still have to pay in taxes.
The United States has said it is a nuclear solution. But it will take at least a decade to build a new nuclear power plant, and if the financing model being evaluated is beyond budget and schedule, it will allow energy providers to bear the cost.
In rare unity, the UK government and its main political opponents seem to have realized the only real long-term solution to the UK’s dependence on gas by supporting alternatives to gas heaters and low-carbon alternatives such as heat pumps. Energy Minister Kwasi Quarting met with energy companies this morning He said. The crisis underscores the need for a UK plan to “build a strong and renewable energy sector to further reduce our dependence on fossil fuels.” Labor Party Ed Miliband He said. The situation is due to the “zero carbon energy supply” and the lack of investment in energy efficiency.
The UK has a good track record of supporting and minimizing renovations. Additional wind and solar subsidies will be auctioned off in December. The country’s impact on energy efficiency is dire. A series of plans to cover homes or improve their energy efficiency have failed, the most recent being Greenhouse Grant, which has been reduced by only a tenth of the designated homes.
The opportunity for redemption may come soon. The government is set to introduce a new UK strategy on heat and buildings, if it offers bold and effective policies on effective and low-carbon heating to prevent a recurrence of the current energy crisis.
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