Some good news at long last
After the constant stream of doom and gloom when it comes to soaring energy costs, there could be a glimmer of hope and it's as a result of unexpected circumstances. Weather conditions in a neighbouring European country could mean a boost to UK supplies and may even ease the pressure on household bills. According to the Express, Norway's wet and windy weather is set to "keep a lid on our energy bills".
Norway's hydroelectric power is enough to supply 96 percent of its domestic usage. This allows it to pump most of the natural gas it produces to the UK via 450-mile subsea interconnector cables. In total, Norway supplies 60 percent of our gas, but that dependency caused panic in August when energy experts warned Norway could come under pressure to slash exports to keep domestic prices down.
That's great news for the UK, said Snjólfur Richard Sverrisson, editor-in-chief at Oslo-based Montel News, Europe’s top power market website. “Although Norwegian reservoir levels are well below what they usually are at this time of year, they are climbing and should be close to normal by the end of this month.”
Sverrisson added that the situation may change if Europe sees a sudden extended cold snap but added: “That looks unlikely given the current mild weather.”
Belgique Dernières Nouvelles, Belgique Actualités
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