UK Energy: Are We Doing Enough To Secure Supply?

UK energy: are we doing enough to secure supply?   

The political unrest in Ukraine, and the prospect of a repeat of the 2009 crisis which saw an interruption of supply to southern Europe has underscored the vulnerability of economies that rely on imported energy. Despite increased deployment of renewable energy generation the EU remains dependent on imports for 53% of the energy that it consumes.

The UK has historically relied upon a plentiful supply of energy from domestic sources. However, as production from the UK continental shelf has declined over the last decade the UK has moved from a net exporter of gas to a net importer. While not as reliant on Ukrainian corridors as other Member States a disruption to EU supply will have an inevitable knock-on effect on the energy markets that the UK is increasingly dependent.