Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Chemical Reaction to Government’s Energy Inquiry

14.12.2005


The Chemical Industries Association (CIA) today commended the Trade & Industry Committee’s report on its inquiry into ‘Security of Gas Supply’ and strongly agrees with the Committee’s assessment that the UK does not have a properly functioning forward gas market.



The CIA also shares its concern - acutely - over problems of uncertain supply and the high prices caused by dependence of the liberalised UK market on the largely unreformed European one. As the Committee observes, “It is far from clear that all energy users have derived continuing and sustainable benefits from early liberalisation of the energy market in the UK.”

However, CIA believes the Committee has underestimated the danger of damage to UK industry this winter. Its report implies that only those on ‘interruptible’ contracts will be affected and makes no reference to the possibility of supply interruptions to ‘firm’ industrial gas customers, which CIA believes may happen.


Alan Eastwood, Head of Utilities and Competitiveness at CIA said: “A ‘voluntary’ reduction in gas usage caused by such wholly uncompetitive prices will help to balance the system, but at a high cost to overall UK economic activity, both now and in the future.”

He continues: “The importing infrastructure that brings gas to the UK market failed to deliver even when gas prices in the UK were the highest in Europe, if not the world. That is clear evidence of a malfunctioning market. We are now looking to Ofgem and the EC competition authorities to conduct a speedy investigation of the working of the European market as a whole and to take prompt remedial action.”

Lizzy Ray | alfa
Further information:
http://www.cia.org.uk

More articles from Ecology, The Environment and Conservation:

nachricht How fires are changing the tundra’s face
12.12.2017 | Gesellschaft für Ökologie e.V.

nachricht Using drones to estimate crop damage by wild boars
12.12.2017 | Gesellschaft für Ökologie e.V.

All articles from Ecology, The Environment and Conservation >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Long-lived storage of a photonic qubit for worldwide teleportation

MPQ scientists achieve long storage times for photonic quantum bits which break the lower bound for direct teleportation in a global quantum network.

Concerning the development of quantum memories for the realization of global quantum networks, scientists of the Quantum Dynamics Division led by Professor...

Im Focus: Electromagnetic water cloak eliminates drag and wake

Detailed calculations show water cloaks are feasible with today's technology

Researchers have developed a water cloaking concept based on electromagnetic forces that could eliminate an object's wake, greatly reducing its drag while...

Im Focus: Scientists channel graphene to understand filtration and ion transport into cells

Tiny pores at a cell's entryway act as miniature bouncers, letting in some electrically charged atoms--ions--but blocking others. Operating as exquisitely sensitive filters, these "ion channels" play a critical role in biological functions such as muscle contraction and the firing of brain cells.

To rapidly transport the right ions through the cell membrane, the tiny channels rely on a complex interplay between the ions and surrounding molecules,...

Im Focus: Towards data storage at the single molecule level

The miniaturization of the current technology of storage media is hindered by fundamental limits of quantum mechanics. A new approach consists in using so-called spin-crossover molecules as the smallest possible storage unit. Similar to normal hard drives, these special molecules can save information via their magnetic state. A research team from Kiel University has now managed to successfully place a new class of spin-crossover molecules onto a surface and to improve the molecule’s storage capacity. The storage density of conventional hard drives could therefore theoretically be increased by more than one hundred fold. The study has been published in the scientific journal Nano Letters.

Over the past few years, the building blocks of storage media have gotten ever smaller. But further miniaturization of the current technology is hindered by...

Im Focus: Successful Mechanical Testing of Nanowires

With innovative experiments, researchers at the Helmholtz-Zentrums Geesthacht and the Technical University Hamburg unravel why tiny metallic structures are extremely strong

Light-weight and simultaneously strong – porous metallic nanomaterials promise interesting applications as, for instance, for future aeroplanes with enhanced...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

See, understand and experience the work of the future

11.12.2017 | Event News

Innovative strategies to tackle parasitic worms

08.12.2017 | Event News

AKL’18: The opportunities and challenges of digitalization in the laser industry

07.12.2017 | Event News

 
Latest News

A whole-body approach to understanding chemosensory cells

13.12.2017 | Health and Medicine

Water without windows: Capturing water vapor inside an electron microscope

13.12.2017 | Physics and Astronomy

Cellular Self-Digestion Process Triggers Autoimmune Disease

13.12.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>