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Old 12-01-2022, 00:42   #388
Carth
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Join Date: Jul 2004
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Re: Energy companies collapse

https://www.bbc.co.uk/news/business-59957716

British Gas owner warns energy crisis to last two years

Quote:
Soaring energy prices which threaten the living standards of millions could last up to two years, the boss of the UK's biggest energy supplier has said.

Chris O'Shea, chief executive of British Gas owner Centrica, said there was "no reason" to expect gas prices would come down "anytime soon".
Quote:
Many countries see gas as an intermediate solution while they wean themselves off more carbon-intensive energy sources, such as oil and coal, creating an international dash for gas as the world economy wakes up after its Covid-related slumber.

"As we move towards net zero, gas is a big transition fuel," Mr O'Shea said.

"And so as you turn off coal fired power stations in other countries, there isn't an abundance of gas that you can just turn on quickly."
Quote:
"We bring gas in from the United States, from Norway, from Europe, from Qatar, from other places. So we're not in a position to simply have the UK as an isolated energy market. We are part of a global market."
Germany are taking their Nuclear Power offline earlier than first stated, which won't help. Seems the push for zero emissions may lead to doubling the cost (if you can afford it) for what's left.

I wish we still had an open fire . . I could burn all the daily junk mail, cardboard boxes etc
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