Monday October 24, 2005

Winter shortages may shut UK industry

321energy.com -> telegraph.co.uk :

The Government has admitted that companies across Britain might be forced to close this winter because of fuel shortages. The Met Office says there is a 67 per cent likelihood of prolonged cold this year after almost a decade of mild winters. That, coupled with high fuel prices, raises the fear that industry will not be able to cope.

Sir Digby Jones, the director-general of the Confederation of British Industry, said that power shortfalls caused by rising domestic demand and Britain's dwindling strategic stockpiles could lead to factory shutdowns and a return to the three-day week of the 1970s.

Only 11 days' supply of gas is held in reserve, compared with 55 days' worth elsewhere in Europe. Consumer groups fear that two million poorer households already struggling to cope with the 40 per cent rise in energy prices since 2003 will be hardest hit.

(2005-10-24 16:42:36 SGT) [Energy] Permalink

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