“Secure your energy future by fixing long term gas agreements, or face hugely escalating costs over the next 3-5 years”, warns Jim Corley, Senior Broker at True Energy
Gas currently fires a large portion of the Uk heat and power generation, and this is set to increase as we move towards Amber Rudd’s plans for GFG (Gas fired generation) in order to meet UK Carbon targets.
Whilst this could be a great thing for environmental targets, the consumer could be hit with hugely inflated gas charges as the demand increases beyond the UK capacity to supply. This could be mitigated by an increase in LNG tankers arriving in the UK, however current storage facilities will still remain wholly inadequate for this.
Our advice is to secure the longest term you can for gas, normally up to 60 months, so budget surety can be achieved with minimal administration and cost.