UKBritish Gas boss warns of gas storage shortageThe boss of British Gas’s owner has warned the UK is facing the risk of gas shortages this winter as stockpiles fall. “We have almost no gas in storage in the UK for the coming winter, and this is a huge concern as energy security is national security.” The low storage levels leave Britain more open to paying higher prices for shipments of energy. Ofgem has increased the price cap by 4%Energy bills for households in Britain are set to rise to the highest level in three years from October, putting millions of people under further financial strain as colder weather sets in. Analysts predict a further 9 per cent increase to the price cap in the new year. Household energy bills to soar by £260 on Net Zero costsHousehold electricity bills will increase by more than £260 over the next decade because of mounting net zero costs, a major consulting firm has warned. High prices are driving down electricity consumption, making renewable subsidies and grid upgrades an increasing proportion of power bills. Separate findings show Britain’s net zero push has left manufacturers paying around four times more for electricity than their US rivals.
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