Highlights Market responding to high prices, ensuring continued supply UK gas prices currently highest among Europe’s traded hubs UK less reliant on storage to guarantee supply security The UK government is “confident” that there is no risk to the country’s gas supply security for the current winter period given its diverse range of supplies, a senior official from the Department for Business, Energy and Industrial Strategy (BEIS) said Dec. 14.
Speaking during an industry seminar, BEIS head of gas security Alexandra Howe also said the market was responding to the current high prices to balance supply and demand. “What we’re seeing now is very high gas prices, but we’re not seeing in the UK system a shortage of gas supply at the moment,” Howe said. “We are confident that there is not a risk to […]