UK Gas jumps 35% to highest levels since 2013

UK Gas prices have hiked again following an explosion at Austria’s main gas hub.

The explosion killed one person and injured 18 others, but emergency services have managed to bring the blaze under control.

The hub is important for European gas transit, with natural gas transported along several cross-border pipelines. Italy declared a state of emergency regarding energy supplies at the Austrian hub and their wholesale day-ahead prices surged 97% to 47 euros per megawatt-hour.

Britain fared slightly better with gas for immediate delivery soaring 35% to 92 pence per therm.

Water Leakage levels increase by over 1%

A report released by the watchdog on the 6th December shows the water industry in England and Wales lost 3.1 billion litres of water every day in 2016/17.

“Consumers view leakage as a dreadful waste and it can drain their own motivation to save water.”
Tony Smith, chief executive of the Consumer Council for Water

A spokesperson for Water UK, added: “Leakage is an important issue, which is why water companies spend millions of pounds each year, which has helped to cut leaks by a third since the mid-1990s and most companies are still beating their targets. We’ve had some major successes in combatting leakage over the years, and at the same time we know that people want to do the right thing and use water wisely to help the environment. We all need to work together in different ways to reduce the pressure on water supplies, and that’s what water companies are doing every day.”

CCWater said it supports proposals by Ofwat for companies to reduce leakage by at least 15 per cent between 2020 and 2025.

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