Industry risks being left in the cold as gas market hits twelve year high

Britain’s largest energy users have called for an urgent review of the country’s gas supplies after freezing temperatures forced the market price to twelve year highs. Industry groups has warned that the winter gas price shocks expose the vulnerability of the UK gas market and pose a major risk to the sustainability of British manufacturing. The second major gas market spike this winter has emerged just two weeks before the group prepares to face the Government over its concerns. A government spokesman said officials are monitoring gas supplies closely but do not expect supply disruption. Freezing temperatures across Europe bolstered demand this week, lifting short-term prices on the gas market to highs not seen since Britain’s first "gas supply alert" from National Grid in 2006.

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