
The North Sea is a prime site for renewables and gas storage.
The Government today granted an official licence to The Gateway Project, a new development to increase the UK’s gas storage capacity. However, I read in The Daily Telegraph today that the storage facility, 15 miles out at sea from Barrow-in-Furness, will only hold enough gas to meet five days of ‘average’ demand. This won’t be enough to put the minds of business gas customers concerned about supply shortages and spiralling costs at ease.
The project will see 20 natural salt caverns that sit some 750 metres beneath the seabed being filled with 1.5bn cubic metres of gas, which will then be linked by a pipeline to the UK’s gas system. It is estimated that the process of removing salt from the caves, filling them with gas and constructing the pipeline will take four years and cost £600million, meaning that it’s scheduled to come online just a year before OfGem’s predicted danger time of gas shortages in 2015.
Fears of shortages in the gas supply have provoked much debate about how secure the UK’s gas really is, with politicians, the media and business energy customers among those raising concerns.
Meanwhile, whilst the Government is busy promoting green energy options through the Clean Energy Cashback scheme, it appears local communities aren’t sold on the benefits of wind power just yet. The Dorset Echo reports that a planning application has been submitted to Purbeck District Council to build a wind farm with four wind turbines each standing at 410 feet tall.
However, despite the fact the site marked for the turbines is a brownfield site, a pressure group called Dorset Against Rural Turbines and members of the local community are concerned that the turbines would be “unsightly”, would distract passing drivers and wouldn’t produce enough energy to make them viable.
The debate on renewable energy and what the best way to ensure the UK’s gas and electricity supplies are secure and affordable will no doubt rage for a long time yet. However, you can take action to cut the costs of your business gas and business electricity right now. By contacting Energy Advice Line’s expert team of advisors, you can check you are on the most efficient and cost-effective business energy tariff for your company, get help with switching, and have all your business energy questions answered.
To read the full Daily Telegraph story, click this link:
http://www.telegraph.co.uk/finance/newsbysector/energy/7237286/New-600m-gas-storage-caverns-will-handle-just-five-days-demand.html
And to read the full Dorset Echo story, click this link:
http://www.dorsetecho.co.uk/news/5007743.Dorset_wind_farm_whips_up_fury/
Picture credit – CCA: Energy From The Sea by Christopher Owen Jones, from Flickr http://www.flickr.com/photos/chrisowenjones/2393769926