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Largely driven by high fraction of natural gas in British energy mix. British gas production in the north sea has declined, no more imports from Russia and now
by sieste 2y ago
Largely driven by high fraction of natural gas in British energy mix. British gas production in the north sea has declined, no more imports from Russia and now 60% of imported gas comes from Norway[1], which is more expensive.
[1]https://www.gov.uk/government/statistics/natural-gas-chapter-4-digest-of-united-kingdom-energy-statistics-dukes https://www.gov.uk/government/statistics/natural-gas-chapter...
- 4ndrewl 2y agoAnd the previous government closed pretty much all our storage capacity, disabling any ability to buy at lower prices and store for later use.