Authoritative scholars have warned that ministers are relying on outdated energy security policies because of the escalating tensions between the two countries. Russia Western leaders pushed the natural gas market to a record high.
According to data from ICIS market price experts, British natural gas reached a record closing price of 322.5p/therm on Tuesday, which was higher than the previous high of slightly higher than 298p/therm in early October this year.
One Europe also set a recordAccording to ICIS data, the Dutch benchmark market rose to a record high of 127.45 Euros per MWh, breaking the upper limit of 116.75 Euros/MWh set in October.
The price spike is due to concerns about the deterioration of relations with Russia, which is one of the largest natural gas suppliers Europe, Which aroused international condemnation after 100,000 soldiers assembled on the Ukrainian border.
As the market soars, the UK vitality Research Council (UKERC), a group of scholars funded by the government’s UK Research and Innovation Agency, Called for a review of the country’s energy security policy and warned ministers to “be complacent about the supply of natural gas for too long”.
UKERC warned that the last government policy updated in 2017 is now outdated and that housing may face further volatility in the future, saying that the natural gas crisis is “not just Christmas”.
Mike Bradshaw, the co-director of the organization and a professor at the Warwick Business School, said that government policy is based on the pre-Brexit environment, which gives priority to ensuring energy supply Excessive cost reduction.
Bradshaw said that when low-carbon options are not available, the government sees natural gas use as a “default” necessity, rather than formulating a specific natural gas strategy.
“Achieving net zero will change the way we produce and use energy, but when we go through this transition, we need designed natural gas, not the default natural gas assumed location,” he said.
The new all-time highs may exacerbate Europe’s natural gas crisis, which has forced factories to close and caused dozens of energy suppliers to go bankrupt. in England, 26 suppliers have gone bankrupt in the past four months, And households will face rising energy costs this winter to 2022.
The British energy regulator Ofgem is preparing to put forward a series of new proposals to solve the energy supply market crisis on Wednesday morning, including Strict new financial standards for energy suppliers And the change of the British standard energy tariff ceiling.
